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WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BELLY-UP?
Family 0%  0%  [ 0 ]
Church 0%  0%  [ 0 ]
Food Pantry 0%  0%  [ 0 ]
None of the Above 0%  0%  [ 0 ]
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 Post subject: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BROKE?
PostPosted: Thu Dec 06, 2012 7:27 am 
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The election is over, which means its now time ask the question nobody wants to ask about the numbers nobody wants to accept.

First the numbers:

55.25 million people can no longer adequately feed themselves, and so rely on a government $16.3 trillion in debt, with $86.8 trillion of unfunded liabilities, in an economy that buys $500 billion a year more than it sells.

Now the question:

Who can feed the 55.25 million if government goes belly-up?

For those who think the question without merit, that all government need do to avoid bankruptcy is to raise taxes, please note the following:

Government’s unfunded liabilities¬– including Social Security, Medicare, and federal employees’ future retirement benefits¬– now exceed $86.8 trillion dollars, or 550% of the current Gross Domestic Product. To collect
enough taxes to avoid going deeper into debt, it is estimated that government would have to confiscate every penny earned by every taxpayer plus every penny of profit earned by every corporation. However, this would still leave the government short $1.3 trillion per year.* Thus if government were to confiscate all wages, and all profits, it would still not be enough to pay its obligations.

Returning to the question, we look to those social institutions that traditionally feed the hungry¬– the family, the church, the local food pantry– and ask…

Who can feed the 55.25 million if government goes belly-up? (Food Chain Radio #800)


* “Why $16 Trillion Only Hints at the True U.S. Debt,” Cox and Archer, WSJ, A17, November 27, 2012


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 Post subject: Re: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BR
PostPosted: Fri Dec 07, 2012 7:39 am 
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This from Michael Traugot, UC Davis...

Michael,

The problem has several parts, but overall it is simple.

Wages are not high enough for people to get off food stamps and actually buy food at groceries with money they have received for their work.

Workers must have a certain income in order to be healthy participants of benefit to society. Below this level, they become financial liabilities, as well as human tragedies.

Workers can either receive fair wages and benefits from their immensely profitable employers, or from government assistance, using taxpayer money.

The largest low-wage employers in the nation are Walmart, Yum! Brands (the operator of Taco Bell, Pizza Hut and KFC chains), and McDonald's. Together they employ over three million Americans, and their notoriously low wages and benefits create a need for public assistance among their workers. Together these three corporations netted over $22 billion last year. [source: America's 5 biggest low-wage employers: 247 Wall St Nov 21]l

Forcing these corporations to step up and take responsibility for their workers, who are netting them multibillion dollar profits, would help the national economy and help farmers by creating more demand for fresh, healthy food, which would help assure that we can produce enough food regularly into the future to feed everyone.

The keys to national health and prosperity are a well fed, well educated population and a healthy vibrant local and national agriculture system.


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 Post subject: Re: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BR
PostPosted: Fri Dec 07, 2012 7:39 am 
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This from Jim in California...


The Wealthy...


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 Post subject: Re: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BR
PostPosted: Fri Dec 07, 2012 7:40 am 
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This from Noel...

Is our food supply a big ponzi scheme?


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 Post subject: Re: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BR
PostPosted: Fri Dec 07, 2012 7:41 am 
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This from Tom...

Rather than "if," when. Very frightening.


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 Post subject: Re: 800 WHO CAN FEED THE 55.25 MILLION IF GOVERNMENT GOES BR
PostPosted: Fri Dec 07, 2012 7:50 am 
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From Steven...

Michael, are you maybe being a bit extreme on this?

From Michael...

Steven, not my numbers, just my question. Where is the extremity?


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