The Middle Class on Foodstamps during the Recession

A couple in Morris county NJ went from making six figures to making $18,000 a year.  According to local news stories they had to stop making payments on their house and almost all the children 15 and up have jobs.  This area of NJ is known for its expensive houses, and it is estimated any income under $60,000 a year is too low to live in this area.

That being said it shouldn't be this rough on people.  If the government wasn't dragging this recessions out while "trying to keep us afloat" we would have hit bottom already.  We could of then worked on coming out of the recessions.  This temporarily propping us up is harming the average person while lining someone's pocket.  We can't move forward until this happens I feel deeply in my heart.  History has shown that allowing bottom to be hit will cut the pain to a shorter time frame, or we could allow the government to prop us up and hoover right above bottom.  Businesses need to be allowed to fail for poor decisions, and this will lead to the ingenuity of new businesses.  Look at Ford they refused a bailout, but they're doing great now.  Why?  They took their mistakes and learned from them.  They didn't have billion dollar checks to ride on, but instead they had motivation to reinvent themselves.  I applaud them for that.

Posted in: Recession,US News