Enemies of Liberty are ruthless. To own your Liberty, you'd better come harder than your enemies..

Tuesday, January 31, 2012

The Business of Welfare


Mike C. sent a story that may make you throw things at your valuables.

While we all know Government and Big Business and the Left are in the business of selling poverty, it is not all that often that we get a free, unobfuscated view.

JP Morgan makes a profit by issuing food stamp cards. Did you know that? I didn't. I assumed it was a government agency (which is bad enough). But, according to the article, JP Morgan made more than $5 Billion net last year by running the program for FedGov.

The more people they can enroll to use the cards, the more JP Morgan makes.

Today, 1 in 7 Americans eats food paid for by the Government...which means you and I pay for the food being eaten by 1 in 7 of our neighbors.

Here's the link.

Kerodin
III