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Rhubarb asked in Social ScienceEconomics · 1 decade ago

Why doesn't the Fed get rid of Welfare?

Most losers on Welfare have nothing wrong just laziness. So, why can't we get rid of Welfare?

4 Answers

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  • 1 decade ago
    Favorite Answer

    Or, just replace it with never ending unemployment benefits.

    Some people reduce their activity to match their needs. Others increase their handouts to increase their necessity. It is a symbiotic relationship that lasts as long as the money supply does.

    By "Fed", I'm sure you mean Federal Government rather than Federal Reserve. Most people mean the latter when saying Fed.

  • Anonymous
    1 decade ago

    The Federal Reserve Bank(FED) has nothing to do with the measure to stop the benefits, but the federal government. It just said you have done nothing wrong, but it's time to go back to work if you can find one. If you want to be a hobo, it's absolutely up to you. You're growing up, and can make a decision like a man.

    In fact, QE1 ended in January. We don't understand too why QE2 has nothing to do with any extension of unemployment benefits. It might be something wrong in the Congress. Now 9.8% of all Americans are approaching a life of a hobo. People in the world who live under poverty will love us.

    Source(s): Anjaree
  • J S
    Lv 5
    1 decade ago

    Actually many of those "losers" have simply been replaced by the flood of foreign workers coming in under H1-B and L-1 visa programs to replace American workers for less pay, as documented in the long list of bullet points U.C. Davis Professor of Computer Science Norm Matloff has presented to Congress:

    Norm Matloff's H-1B Web Page: cheap labor, age discrimation ...

    http://www.cs.ucdavis.edu/~matloff/h1b.html

    The result is massive unemployment and dropping salaries for the remaining Americans clinging to their jobs. It's all part of the process of transferring wealth away from 99% of Americans to the ultra-rich. In the process, the very basis for the consumer economy has been undermined.

    The plundering of America will continue until the bribery of Congress is properly recognized as treason (don't hold your breath).

    Source(s): Winner-Take-All Politics: how America's super-rich got so much richer http://www.boingboing.net/2010/11/30/winner-take-a... U.S. Economy Is Increasingly Tied to the Rich http://finance.yahoo.com/family-home/article/11025...
  • 1 decade ago

    Well, let's see. The Fed has nothing to do with welfare or any other government programs.

    Its not true that all or even most people getting assistance are lazy.

    Take away the safety net, and you end up with those shack towns surrounding many third world countries.

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