Free Republic

The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months has averaged a healthy 185,000 new jobs. But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of “persistent economic security,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.” In other words, too many of us are living paycheck to paycheck. The CFED calls these...

"By almost any measure, the world is better than it has ever been." -Bill Gates In his annual letter, Bill Gates opens with a statement that I've been saying for a few years. In fact, my investment thesis begins with global peace and prosperity. It's amazing how many people snicker at this notion without ever taking a second to consider its authenticity or merits. (Of course, I've been ridiculed for reading income statements, balance sheets, and cash flow statements. There is so much misinformation out there, with less research and more rhetoric, than anytime I can remember.) Connect the dots,...

...Debbie Wasserman-Schultz (Fla.-Dem.), said she hopes to see funding restored for food programs that benefit South Florida residents. "The need is absolutely still there," she said, "In fact, we've had increasing need with the recovery of the Great Recession. We're coming out of that recovery, but there are still many gaps." Wasserman-Schultz said she will continue the fight in Congress for funding needy families in South Florida.

Folks, I am a poor boy who would like to be helped and educated by someone who knows what they're doing--what they're talking about. I have been reading some, but there are a lot of basic things I don't yet understand. How much money would I need to start the whole shebang? Can you use online stock sites to purchase shares, or do you have to go through a broker? You get the picture. My friend said that me thinking about penny stock trading is like trusting Lou Costello or Jerry Lewis to assemble an H-bomb. I'm looking for advice,...

**SNIP** The Medicaid fight offers hope for Democrats whose 2014 election chances took a hit from the embarrassing October rollout of the insurance exchanges, said Ed Rendell, the former Pennsylvania governor and ex-chairman of the Democratic National Committee. In states like Florida and Pennsylvania, Medicaid may make a difference in governor’s races, he said. “You’re telling people who don’t have health care now that you can give it to them, and that’s something that can get people off their duffs and turn out the vote,” Rendell said in a telephone interview. **SNIP** “We’re having a desperate struggle to pay for...

After the last century, it shouldn't even be controversial to assert that the more a nation focuses on income inequality, the more it hurts the poor. After all, there have been whole societies formed around the slogan Marx popularized, "From each according to his ability, to each according to his need" -- and they've universally been lousy places to be poor. Would you rather be poor in America or Cuba, Vietnam or the old Soviet Union? If the question doesn't answer itself, P.J. O'Rourke's quotation about traveling to the Soviet Union with a gang of Communists should answer it for...

A resident and a sister arrange flowers at the Little Sisters of the Poor's Mullen Home in Denver, CO in this undated file photo. Credit: El Pueblo Catolico/James Baca. Washington D.C., Jan 3, 2014 / 05:57 pm (CNA/EWTN News).- Despite the claims of the U.S. Justice Department, the demands of the federal contraception mandate threaten the continued works of service performed by the Little Sisters of the Poor, their attorneys say. Eric Rassbach, deputy general counsel with the Becket Fund for Religious Liberty, which is representing the religious sisters in court, charged that the government's claim amounts to “doublespeak” and...

Economic equality will never be possible because some people are too stupid to get ahead in the modern world, said Boris Johnson, the mayor of London, in a speech that is igniting a wave of criticism. Nick Clegg, Britain’s deputy prime minister, accused Mr. Johnson of “unpleasant elitism.” In the speech honouring the work of former Conservative prime minister Margaret Thatcher, Mr. Johnson said natural differences between humans will always mean some will succeed and others fail. “I am afraid that violent economic centrifuge is operating on human beings who are already very far from equal in raw ability, if...

Assets become targets of the states ___ Most people think they’re exempt from the estate tax (often called the “death tax”) because they don’t have $2 million. A lot of people with low incomes do have some assets, however, and if they have used any Medicaid benefits, their heirs may be in for a shock. Depending on state law, the state may have the right to everything, up to the cost of Medicaid benefits received — house, car, bank accounts, tools, annuities, piano, furniture, everything — and not just 50 percent of it. This situation is not exactly new. The...

Obama Steals Food From The Poor To Pay For Michele’s ‘Let’s Move’ Program Posted 6 hours ago by Dave Jolly Filed under Entitlements, Ethics, Government Spending, Liberalism, Politics Millions of food stamp recipients are finding their government supplement smaller this month. The federal government made sizeable cuts to the Supplement Nutrition Assistance Program (SNAP) otherwise known as food stamps. This cut will affect 47.6 million Americans or about 1 out of every 6 people. Under the new guidelines, a family of 4 will see their food stamps drop from $668 a month to $632 a month. While $36 dollars doesn’t...

Uncertainty and struggle are what we most often associate with poverty. Not knowing if you can still afford to pay next month’s bills and worrying over how much more you can cut back when you’re already barely getting by. This way of life has become more associated with the middle class than with those at the very bottom. The statistic that shows that average black household worth is at $4,955 while average white household worth is at $110,729 is often quoted, but these numbers are not comparing similar things. The $110,729 and $4,955 don’t reflect different standards of living; but...

Historically, progressives were seen as partisans for the people, eager to help the working and middle classes achieve upward mobility even at expense of the ultrarich. But in California, and much of the country, progressivism has morphed into a political movement that, more often than not, effectively squelches the aspirations of the majority, in large part to serve the interests of the wealthiest. Primarily, this modern-day program of class warfare is carried out under the banner of green politics. The environmental movement has always been primarily dominated by the wealthy, and overwhelmingly white, donors and activists. But in the past,...

A classical liberal was characteristically guided by disinterested logic and reason. He was open to gradual changes in society that were frowned upon by traditionalists in lockstep adherence to custom and protocol. The eight-hour work day, civil rights, and food- and drug-safety laws all grew out of classically liberal views. Government could press for moderate changes in the way society worked, within a conservative framework of revering the past, in order to pave the way for equality of opportunity in a safe and sane environment.

OAKLAND, Calif. (AP) -- Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House.

Thousands of elderly poor have a home today because of one remarkable woman.Saint Jeanne Jugan grew up in a small town in the aftermath of the French revolution. Times were hard. The winters were brutal. To support her family, Jeanne worked from a young age as a shepherdess, kitchen maid, and tending the sick at a Civil and Naval Hospital. In this last position, she discovered her lifeÂ’s vocation: helping others.Confident in her Catholic faith, Jeanne set out to serve those most in need. She cared for the poor and the elderly as if they were her own family, even...

The Gospel reading this weekend is the Parable of Lazarus and the Rich Man from the Gospel according to Saint Luke. I suspect that throughout the world many homilies and sermons ended up saying something to the effect of, “Rich people bad. Poor people good.” This like all heresies is the result of a gross simplification of the Gospel, a deliberate misreading of the message of Jesus, and an imposition of a foreign ideology. The sin of the unnamed rich man was not that he had wealth. Rather it was that he did not pay attention to Moses and the...

I think the poor need another Reagan in the White House. The income of black heads-of-households dropped by 10.9 percent from June 2009 to June 2013. This decline in black income is more than double the overall 4.4 percent drop nationally in real, adjusted for inflation, median household income during the same four years of alleged “recovery.” In dollar terms, the median income per year ... in female-headed households and black households has dropped, respectively, by $2,300 and over $4,000 since Obama's stimulus-led “recovery” began in June 2009. The CBO report shows that after-tax household income, adjusted for inflation, increased...

No one can blame you if you start out in life poor, because how you start is not your fault. If you stay poor, you're to blame because it is your fault. Nowhere has this been made clearer than in Dennis Kimbro's new book, "The Wealth Choice: Success Secrets of Black Millionaires." Kimbro, a business professor at Clark Atlanta University, conducted extensive face-to-face interviews, took surveys and had other interactions with nearly 1,000 of America's black financial elite, many of whom are multimillionaires, to discover the secret of their success. Kimbro's seven-year study included wealthy blacks such as Byron E....

Europeans came to this country for a better life. It hasn't always meant helping the less fortunate. The South’s aversion both to taxes and to mandated government safety net structures had a long, and somewhat surprising, pedigree. In the late eighteenth century, popular radical writers such as Condorcet in France and Tom Paine in England had called for the creation of comprehensive social insurance systems based around universal pensions, child allowances, and education for all. Neither, however, managed to successfully alter prevailing political and moral doctrines. In France, after the frenzy of the revolutionary years the counterrevolution of the post-Napoleonic...

Fox News host Bill O’Reilly revealed Thursday night on The O’Reilly Factor that he bailed out one of Al Sharpton’s charities several years ago with a $25,000 donation, after Sharpton told him it was out of money and could not provide Christmas food and presents to hundreds of poor people in Harlem. Sharpton has often used his MSNBC program PoliticsNation to harshly criticize O’Reilly, lately for supposed attacks on the poor. Tuesday night, he accused the highly-rated host of calling food stamps users “parasites,” when in fact O’Reilly was referring to an individual surfer who is on the SNAP program...