"Free Money"

[Pete]

EBT Cards - not just for food.

Back to school spree: Billionaire, feds give out $175M to aid neediest students around the state

Read more: http://www.nydailynews.com/money/2009/08/12/2009-08-12_billionaire_feds_give_out_175m_to_aid_neediest_ students_around_the_state_its_fre.html#ixzz0Nyxp5i JV

'....."It's free money!" said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.

"Thank God for Obama. He's looking out for us."

Thousands of people lined up at banks and check-cashing shops to withdraw the cash that magically appeared on their electronic benefit cards......."

It's over folks. The American experiment is dead.

[HowardCohodas]

It's over folks. The American experiment is dead.

I'm an optimist by nature. It gets harder every day. But I still believe.

[fredscout]

This is similar to the scenes during the election where various folks from around the country proclaimed their gratitude that 'Barrack's gonna pay my mortgage!' Well, book bags, cars, mortgages....unbelievable.

I grew up on a farm in southwest mn and I vividly remember a conversation around the dinner table in about '82 or '83...my mom was riding my dad to sign up for the PIK acres program (basically govt subsidy to leave your land fallow) and the ol' man gave her the dirtiest look I'd ever seen from him and said 'We don't need or want the governments !@#$%^&* money.' I never heard Democrat or Republican come out of his mouth as a descriptive for his beliefs, only 'American.'

That was kind of how it was with everyone around home back then. Now, the kids that stayed back to farm are universally subsidized by some form of government support, and they don't feel the least compunction about it.

You see it most clearly in the Clunkers program, heralded as a salvation for American industry and a triumph for our elected officials...and by the way, cashed in on by plenty of otherwise conservative living folks...just getting their piece of the pie.

The Statist gets inside of everyone who is not grounded by character and once he co-opts your character...well, look at what became of the labor movement in this country.

[x SF med]

This just reinforces my questioning.... Where is all this money coming from? Who is going to cover the checks that Obama is writing? Where can I buy more guns, ammo and MREs for the coming collapse of America?

[The Reaper]

This just reinforces my questioning.... Where is all this money coming from? Who is going to cover the checks that Obama is writing? Where can I buy more guns, ammo and MREs for the coming collapse of America?


It would appear that it is by monetizing the Federal debt.

Note the previous week's auction of $75,000,000,000 of 7 year Treasury notes, bought BACK by the Treasury for cash just ten days later.

TR