They Never Learn

Without comment: Bubbles Bloom Anew In Desert; Compare and contrast: Mortgage Activity Plunges. ; Mortgage Lenders Shuttered Amid Drought.

Other miscellaneous examples of the new morality: The College Loan Scandal; Penny Stock Fraud; The Richmond Ripoff – the example says it all: “Point Richmond: Sold for $1.195 million. Loan balance: $888,361. City’s offer: $510,727. Estimated value: $666,461;” Why work for $7.25 when welfare pays $15.00 in 12 states and $8.00 in 33 states? –

In the Empire State, a family receiving Temporary Assistance for Needy Families, Medicaid, food stamps, WIC, public housing, utility assistance and free commodities (like milk and cheese) would have a package of benefits worth $38,004, the seventh-highest in the nation.

Welfare is slightly more generous in Connecticut, where benefits are worth $38,761; a person leaving welfare for work would have to earn $21.33 per hour to be better off. And in New Jersey, a worker would have to make $20.89 to beat welfare.

Nationwide, our study found that the wage-equivalent value of benefits for a mother and two children ranged from a high of $60,590 in Hawaii to a low of $11,150 in Idaho. In 33 states and the District of Columbia, welfare pays more than an $8-an-hour job. In 12 states and DC, the welfare package is more generous than a $15-an-hour job.

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