The Fed’s expansion of the money supply inflates asset prices and stock portfolios, while eroding the purchasing power and standard of living of the bottom 90%.
The top 10% of wealthy Americans now control 60% of the nation’s wealth
Americans have been left divided over an announcement that millions are set to lose access to food benefits next month amid the government shutdown.
In a notice posted to the US Department of Agriculture’s website Sunday, the government blamed Democrats for not voting to fund the Supplemental Nutrition Assistance Program (SNAP).
‘Bottom line, the well has run dry,’ read the announcement. ‘At this time, there will be no benefits issued November 1. We are approaching an inflection point for Senate Democrats.
‘They can continue to hold out for healthcare for illegal aliens and gender mutilation procedures or reopen the government so mothers, babies, and the most vulnerable among us can receive critical nutrition assistance.’
The Trump administration reportedly declined to tap into approximately $5 billion in contingency funds to cover SNAP costs amidst the second longest shutdown in US history.
Despite the lack of government assistance being blamed on his party, California Governor Gavin Newsom called out Trump specifically.
‘Donald Trump is literally dancing in Asia while 40 million people lose access to food. Disgusting,’ he posted online.
Some Americans have ridiculed the administration for the decision, while others are in support of pausing benefits, or even ending SNAP altogether.
Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say
h/t Boo_Randy_II