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  • Obama Was First President to Spend More on Welfare Than Defense

    01/21/2017 9:12:01 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | January 20, 2017 | 2:52 PM EST | Terence P. Jeffrey
    Barack Obama was the first president of the United States to spend more on “means-tested entitlements”—AKA welfare—than on national defense, according to data published by his own Office of Management and Budget. Historical tables that the OMB posted on the Obama White House website, include annual totals for both “national defense” spending and “means-tested entitlement” spending going back to fiscal 1962—which is three years before President Lyndon Johnson signed legislation creating the Medicaid program, a means-tested entitlement that together with the Children’s Health Insurance Program enrolled 74,407,191 beneficiaries as of November 2016. In every year from fiscal 1962 through fiscal...
  • Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009

    01/06/2017 6:32:56 AM PST · by Olog-hai · 30 replies
    Cybercast News Service ^ | January 6, 2017 | 8:49 AM EST | Susan Jones
    Barack Obama’s presidency began with a record number of Americans not in the labor force, and it's ending the same way. The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in. In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was...
  • Study: Obamacare Penalizes Americans Who Work Full-time

    10/13/2016 12:24:21 AM PDT · by Olog-hai · 30 replies
    Cybercast News Service ^ | October 11, 2016 | 3:25 PM EDT | Penny Starr
    A new study on the Affordable Care Act, or Obamacare, produced by the Mercatus Center at George Mason University shows that the health care law penalizes Americans who work full-time, will reduce the number of full-time workers, and rewards those who work less. “The ACA’s employment taxes create strong incentives to work less,” the study, The Affordable Care Act and the New Economics of Part-Time Work, states. “The health subsidies’ structure will put millions in a position in which working part-time (29 hours or fewer, as defined by the ACA) will yield more disposable income than working their normal full-time...
  • US applications for jobless aid rise, but still near lows

    03/31/2016 6:13:55 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Mar 31, 2016 8:35 AM EDT | Josh Boak
    More Americans sought unemployment benefits last week, but applications still stayed near historic lows that point to a stable job market. […] Weekly jobless claims have remained below the crucial threshold of 300,000 for more than a year, a level that usually corresponds with monthly gains in excess of 200,000. Economists expect that Friday’s jobs report will show that employers hired roughly 200,000 workers in February as the unemployment rate held at an eight-year low of 4.9 percent. …
  • Social Security Administration Beneficiaries Top 60,000,000

    03/19/2016 6:14:19 AM PDT · by george76 · 62 replies
    CNS News ^ | March 18, 2016 | Terence P. Jeffrey
    The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLS’s seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
  • Obama Blames Republicans For Slow Economic Recovery

    03/04/2016 4:13:43 PM PST · by Nachum · 38 replies
    daily caller ^ | 3/4/16 | Connor D. Wolf
    President Barack Obama responded to reports of slow job growth Friday by blaming Republicans who have opposed parts of his economic agenda. The Bureau of Labor Statistics (BLS) report found the economy added 242,000 new jobs in February. The latest number highlights a long-running trend of slow, yet positive, economic growth. Obama credits the growth to his agenda but its slowness to Republicans for their opposition to his plan. “The plans that we have put in place to grow the economy have worked,” the president declared in the Oval Office. “They would work even faster if we did not have...
  • Food Stamp Users Near Record High Despite Low Unemployment Rate

    03/01/2016 10:20:20 AM PST · by Olog-hai · 43 replies
    MRC TV ^ | 02/29/2016 | Nick Kangadis
    Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013. Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether. The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce. But the Supplemental Nutrition Assistance Program (SNAP) has been hovering around 46 million participants since 2011. ...
  • States reduce jobless checks, adding pressure to unemployed

    02/28/2016 10:27:22 AM PST · by Olog-hai · 15 replies
    Associated Press ^ | Feb 28, 2016 11:46 AM EST | David A. Lieb
    When Demetrius White recently lost his job as a $10-an-hour forklift driver loading pallets of shampoo, he applied for unemployment benefits to help support his family. That aid will not last as long as it once did, because White is among the first group of people affected by a new Missouri law reducing the duration of jobless benefits. His $200-a-week checks will last no more than three months - just half as long as what has typically been available. [...] States traditionally have offered up to half a year of aid for the unemployed as they search for new jobs....
  • Over 1 million face loss of food aid over work requirements

    01/30/2016 10:50:58 PM PST · by Olog-hai · 93 replies
    Associated Press ^ | Jan 30, 2016 11:20 AM EST | David A. Lieb
    More than 1 million low-income residents in 21 states could soon lose their government food stamps if they fail to meet work requirements that began kicking in this month. The rule change in the federal Supplemental Nutrition Assistance Program was triggered by the improving economy - specifically, falling unemployment. But it is raising concerns among the poor, social service providers and food pantry workers, who fear an influx of hungry people. Recent experience in other states indicates that most of those affected will probably not meet the work requirements and will be cut off from food stamps. ...
  • Daugaard: Drug Testing for Welfare 'Somewhat Insulting'

    01/25/2016 12:02:27 PM PST · by nickcarraway · 38 replies
    KSFY ^ | Jan 22, 2016
    Gov. Dennis Daugaard says a measure to require some welfare applicants to pass drug tests would be a waste of money and "somewhat insulting." Daugaard said Friday that he hasn't previously been enthusiastic about similar proposals. Republican Rep. Lynne DiSanto is the measure's main House sponsor. Her plan would require applicants under 65 to be drug tested before receiving food stamps or cash assistance.
  • 15 Questions in Search of a Democratic Debate

    12/24/2015 10:45:53 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | December 24, 2015 | Larry Elder
    1) Polls show that, by a large margin, Americans feel we're on the wrong track, both economically and as to foreign policy. Yet none of you offers any criticism of President Barack Obama, who has been in charge for the last seven years. Why, then, should Americans believe that four more years, under your leadership, would be any different from the last seven? 2) Sen. Sanders, you've called for a $15-per-hour minimum wage. But even Vice President Joe Biden's economist, Jared Bernstein, considers a $15 hourly rate so high that it would cause an unacceptable loss of jobs. Is he...
  • $416,014,000,000: Federal Taxes Set Record in First 2 Months of FY16 […] Still Run $201.1B Deficit

    12/10/2015 5:42:15 PM PST · by Olog-hai · 9 replies
    Cybercast News Service ^ | December 10, 2015 | 3:39 PM EST | Terence P. Jeffrey
    The federal government continued to collect taxes at an unprecedented pace in the beginning of fiscal 2016, raking in a record of approximately $416,014,000,000 in revenues through the first two months of the fiscal year (Oct. 1, 2015 through the end of November), according to the Monthly Treasury Statement released today. In the entirety of fiscal 2015, which ended on Sept. 30, the federal government collected a record $3,248,723,000,000, which worked out to about $21,833 for every person who held a job in the country as of September. The record-setting $416,014,000,000 in taxes that the federal government collected in just...
  • Labor Force Participation Sinks To A 38-Year Low

    10/02/2015 6:23:08 AM PDT · by blam · 13 replies
    BI ^ | 10-2-2015 | Andy Kiersz
    Andy KierszOctober 2, 2015 The September jobs report was broadly disappointing, with very few points of optimism. Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate — the percentage of the US population that is either working or looking for a job — fell by 0.2 percentage points to 62.4%. This is the lowest reading since October 1977.(snip)
  • U.S. Economy Added 271,000 Jobs in October; Unemployment Rate Down to 5.0%

    11/06/2015 6:24:20 AM PST · by SeekAndFind · 69 replies
    New York Times ^ | 11/06/2015 | By NELSON D. SCHWARTZ
    The American economy added 271,000 jobs in October, a very strong showing that makes an interest-rate increase by the Federal Reserve much more likely when policy makers meet next month. The report on hiring and unemployment, released Friday by the Labor Department, was eagerly anticipated on Wall Street, where traders and economists have been sifting each new bit of economic data for any augury of the central bank’s course. The unemployment rate dipped to 5.0 percent, from 5.1 in September. At this level, the unemployment rate is close to what would normally be considered the threshold for full employment by...
  • U.S. jobless claims rise; third-quarter productivity posts surprise gain

    11/05/2015 6:55:27 AM PST · by Olog-hai · 22 replies
    Reuters ^ | Thu Nov 5, 2015 9:16am EST | Lucia Mutikani
    New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market. Other data on Thursday showed a surprise gain in productivity in the third quarter after a drop in self-employment contributed to overall hours worked falling for the first time in six years, restraining labor-related production costs. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct. 31, the Labor Department said. It was the largest weekly increase since late February. ...
  • Soon You Might Be Able To Receive Food Stamps Over The Phone

    05/15/2015 8:11:21 AM PDT · by rktman · 33 replies
    dailycaller.com ^ | 5/14/2015 | Connor D Wolf
    Soon it could be possible to apply for food stamps over the phone, with proponents arguing that in-person interviews add too much extra administrative cost. A report from the U.S. Department of Agriculture (USDA) looked at whether it should get rid of in-person interviews for those who apply to receive benefits under the Supplemental Nutrition Assistance Program (SNAP), which is commonly known as food stamps. The program is the nation’s largest food-assistance program.
  • Obama Wants Huge Spending Hike As Debt Tops $18 Trillion

    01/19/2015 6:18:17 AM PST · by SeekAndFind · 12 replies
    IBD ^ | 01/19/2015
    President Obama's budget for next year will call for a $68 billion boost in spending. It's just another in a line of fiscally irresponsible plans that have been the hallmark of this administration. Obama's official budget plan won't come out until Feb. 2, but he's already leaked the fact that he wants a 7% boost in discretionary programs above the spending caps he agreed to in exchange for getting his tax hikes. He'd split the money evenly between national security and domestic programs. In Obama's mind, more spending only makes sense, since deficits have been tumbling in recent years —...
  • 37,000+ Unaccompanied Minors Ready To Enroll in U.S. Public Schools

    08/16/2014 1:15:39 AM PDT · by Olog-hai · 22 replies
    Cybercast News Service ^ | August 14, 2014 - 10:00 AM | Paul Lagarde
    Public school systems around the country preparing to begin a new school year will be facing the added burden of enrolling more than 37,000 unaccompanied minors who have entered the U.S. illegally. According to the Administration for Children & Families’ Office of Refugee Resettlement, 37,477 alien children have been placed with relatives or other sponsors around the country so far this year while their immigration cases are being processed in court. In the meantime, they are entitled to attend U.S. public schools, which have dropped out of the top 20 in global rankings for math, reading and science. …
  • Americans Got $2 Trillion in Benefits from Federal Government in 2013

    08/04/2014 8:07:02 PM PDT · by Olog-hai · 38 replies
    Cybercast News Service ^ | August 4, 2014 - 4:53 PM | Ali Meyer
    The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Service’s Monthly Treasury Statement. The treasury statement summarizes the financial activities of the federal government, including data on government receipts, outlays, and surplus and deficit totals. The September 2013 monthly treasury statement calculates these metrics for the entire fiscal year of 2013, which began on October 1, 2012 and ended on September 30, 2013. According to the statement, the federal government’s total outlays, otherwise known as spending, for means-tested and non-means tested government programs—not including...
  • 10,962,532: U.S. Disability Beneficiaries Exceed Population of Greece

    05/07/2013 11:53:44 AM PDT · by Olog-hai · 16 replies
    Cybercast News Service ^ | May 7, 2013 | Terence P. Jeffrey
    The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece. … April was the 195th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. …