Report Reveals Alarming Number of Americans Do Not Have an Emergency Fund
- Posted on September 20, 2011 at 2:36am by
Becket Adams
- Print »
- Email »
According to a recent study from The National Foundation for Credit Counseling (NFCC), 33 percent of Americans do not have a savings account of at least $1,000 or more to cover emergency expenses.
The NFCC study surveyed 1,010 Americans to determine how much money they had set aside in the event of a financial emergency that could cost around $1,000. Of the respondents surveyed, 64 percent claimed to possess emergency funds. Those individuals without savings said that they would have to turn to an outside source to ask for money if they were faced by an unexpected expense.
In the words of Technorati:
Although the study might have been a bit biased in selecting its sample pool, the fact that such a high number of participants are lacking a relatively modest $1,000 in savings is still alarming. And is clearly something that should be addressed—for example, through better financial education.
This seems to be part of a wider picture of poor financial provision by households in the US. An earlier study by the NFCC found that 30 percent of Americans have zero dollars in non-retirement savings. A separate study by the National Bureau of Economic Research found that 50 percent of Americans would struggle to come up with $2,000 in a pinch.
And these are just a few of the alarming discoveries made in the NFCC’s annual report. Here are some others:
Today, more than 1 in 5 U.S. adults (22 percent) do not have a good idea of how much they spend on housing, food and entertainment. Although just over 2 in 5 Americans (43 percent) say they have a budget and track their expenses, more than half (56 percent) do not.
More than half do not budget? Well, that certainly explains what is going on in D.C.
Furthermore, more than 1 in 3 adults (36 percent) say they are now saving less than last year. And, in fact, 1 in 3 (33 percent) do not have any non-retirement savings. Although there had been a steady increase in the proportion of adults who have savings between 2008 (63 percent) and 2010 (67 percent), that proportion has now declined somewhat (to 64 percent in 2011).
One of the conclusions that can be drawn from the report is that there seems to be a prevalent attitude in American culture where not enough emphasis is put on self-reliance and personal financial freedom but instead too much has been put on the “gimme-gimme” mentality. That would certainly account for the multitudinous amounts of Americans in debt and the coinciding lack of personal financial responsibility.
Popular Stories
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 581 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 411 Comments
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 407 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 373 Comments
President Obama Issues Major ‘Green Energy’ Executive Order 362 Comments
Faith
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 407 Comments
Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 411 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
- President Obama Issues Major ‘Green Energy’ Executive Order 362 Comments
- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 151 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 407 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (108)
Mivoyses
Posted on September 20, 2011 at 7:51amTwo things come to mind regarding this article and the comments that followed.
1) The system, or whatever you want to call it, is quickly making it impossible to NOT be on government assistance. Whether through design, or sheer ignorance this is what is occurring. About the only way to not be caught in this web is to opt out by doing business under the table or in the black market. This of course will get you even more attention from the government.
2) I just don’t understand the people that have 1, 2, or even 3 years of food and products stored. For regular emergencies, yes, maybe 6 months at the most. If something lasts longer than that it’s time to adapt to the new environment/situation, not try to remain in the past.
And just for disclosure. I am disabled. (thus on the govt dole) I would love to have a job and am constantly trying to find one that I can do, as well as feel like I’m not cheating people by doing it. (former Law Enforcement) (interested parties may respond to email address) But the system is designed to take from you. Florida, for example took my disability settlement since during the time that I was on work comp I had to have emergency surgery (unrelated to work comp). They contacted me one day and said , “hey, you have money now, we want it or it’s off to jail.” So, as soon as I get off work comp and state aid, they swoop in and put me and my family back on it. That’s smart.
Report Post »TomFerrari
Posted on September 20, 2011 at 7:57amGood luck finding work. I’ll pray for you.
Are you CERTAIN you were “forced” to accept aid?
Report Post »Seems highly unlikely.
Lee_in_PA
Posted on September 20, 2011 at 7:45amWe do, but if someone asked me, I would say no. No one’s business but mine.
Report Post »pschlentz
Posted on September 20, 2011 at 10:23am…..Sorry, no guns or ammo either….yeah, right
Report Post »Bloody Sam
Posted on September 20, 2011 at 10:34am“…not enough emphasis on self reliance…”
Careful now. That is a clearly Conservative mindset. Self Reliance is anathema to the Socialist.
Report Post »Politically correct thinking will be rewarded. Politically incorrect thinking will be punished.
last frontier
Posted on September 20, 2011 at 11:03amWhen 50% of the country is on food stamps or unemployment, wheres that xtra going to come from afta you gets your hair and nails done, or after you buy the latest XBOX game and a pizza in your parents basement?
Report Post »TXPilot
Posted on September 20, 2011 at 6:53pmIn nature, whenever there gets to be too many surplus animals in a species, the weak and stupid ones tend to die off…..What we will be seeing soon is the long delayed and much needed “die off” of the more worthless members of our own species. Of course, I suppose a few of them could come around and save themselves, but only if someone tells them that a welfare check, carton of smokes and a bag of Cheetos isnt really a survival kit.
Report Post »Vietvet1
Posted on September 20, 2011 at 7:38amI managed to set aside a few dollars but who knows how long they will be worth much. I have it for the now more than future. And for those hoarding gold and silver??? I laugh my arse off. WHY you ask?? How much gold or silver will be asked for a loaf of bread? An ounce?? or a pound of the metal. Price will be set by the market making gold and silver just as worthless. So..you can try to eat it. BUT… LEAD…another story. With lead, you can always get what you need.or…want….even the Gold, Silver Food and water. When our society gets to the point that you think gold and silver will do the trick…. the rule of Law will be iffy at best. You will need friends and family as well, if you expect any semblence of security ( old rule…security in numbers). Police will be protecting their own family.
Like in the game Sissors,Rock Paper….. Lead trumps it all. Good Luck People
Report Post »samisus
Posted on September 20, 2011 at 7:37amWe have about a $1,000, seeds for a 1 acre garden, ammo , 4-5 months of food (rationed) and the ability to make shelter…we are prepared…let’s hope it does not come to it.
Report Post »stephenmarkovich
Posted on September 20, 2011 at 8:32pmActually I pray it DOES come to this becaue it seems inevitable and the only method of conformity by which America will be restored to its values and morals and financial goals and the parasites in all houses will bear the painful reminders of what can be. Armed riots on wallst. LMAO! Bankers’ houses torched L:MAO!
Report Post »OKC08GT500
Posted on September 21, 2011 at 11:40amYou need to band together with like-minded individuals or the zombies will pick off the loners one by one.
Report Post »Vietvet1
Posted on September 20, 2011 at 7:31amI managed to set aside a few dollars but who knows how long they will be worth much. I have it for the now more than future. And for those hoarding gold and silver??? I laugh my arse off. WHY you ask?? How much gold or silver will be asked for a loaf of bread? An ounce?? or a pound of the metal. Price will be set by the market making gold and silver just as worthless. So..you can try to eat it. BUT… LEAD…another story. With lead, you can always get what you need.or…want….even the Gold, Silver Food and water. When our society gets to the point that you think gold and silver will do the trick…. the rule of Law will be iffy at best. You will need friends and family as well, if you expect any semblence of security ( old rule…security in numbers). Police will be protecting their own family.
Like in the game Sissors,Rock Paper….. Lead trumps it all. Good Luck
Report Post »DTOM_Jericho (Creator vindicator)
Posted on September 20, 2011 at 9:05amYou will be one of the first to do. You know nothing of silver and gold or “junk” silver and gold which may well be in demand. If you have read anything about manipulation; when the fed loses control, gold and silver will skyrocket.(it is greatly suppressed now) When things correct, you may bank in the “rebuild”.
As for you “plan” of lead… you are a moron who watched too many Rambo movies. You are assuming you will win every gun fight. You will lose sooner or later and it could be the first one. It could come at the hands of a lucky shot from a scared sheeple with a gun. We have tons of ammo… for PROTECTION and TRADING. You’re a stupid, arrogant, talker, who will be among the first to go.
Report Post »weeblewacker1
Posted on September 20, 2011 at 11:23amhmmm,so what are all you people gonna do when you run out of your gold and silver after a collapse? just how long do you think your little hoard of metal will last? i take it none of you are millionaires or billionaires, so in a few short weeks,you too will be s.o.l. would it not be soo much easier just to prevent a collapse just by voting for people who are not total morons,ones that can chew gum and walk at the same time? by the way,f.y.i.,in case you forgot,2/3 of the current dept was caused by the republicans. and i know how much you hate to hear that tax’s are at the lowest in 60 some years.and,gun rights are less stringent now than they have been in ages too!,and ronald raygun raised taxes something like 19 times,and was soft on immigration, believed in social security,and also knew he had to work with the democrats and compromise on things,ect,ect.
Report Post »Jo-Georgia
Posted on September 20, 2011 at 12:07pmVIETVET1 is absolutely right. I suggest DTOM_JERICHO read Alas Babylon, a novel, but nonetheless gold & silver would be worth nothing.
Report Post »AxelPhantom
Posted on September 20, 2011 at 12:49pmWeeblewacker
If your point is that throwing some gold and food into a vault isn’t going to do it, then you are right. If your point is that everyone thinks they need to stop there, you are mistaken
.
If/when the collapse comes, in my Carver Matrix of value for economic/societal collapse (the Carver Matrix can be used in many ways):
1) $ will be good for about a week, silver and gold for about a month (our mortgage states it can be paid off in either gold or USD, our choice)
2) Food, guns fuel and ammo, and the ability to keep them in your possession
3) Potable water (water will cut off to most people with power failure), ability to produce power, and medical supplies (including but not limited to antibiotics, insulin)
4) Skills to replenish, use, and secure all of the aforementioned.
5) Feminine supplies, fabric, camping equipment, hygiene supplies, baby supplies, children’s clothing and shoes/boots, hand tools, wood/coal, seeds, non-potable water etc.
Value will change over time, based on demand. Value in the previous category is not necessarily negated by the majority of people moving to the next category. How far into that process of value we will get is dependent upon how long the crisis lasts, how complete it is and the unforeseeable particulars of the situation. Plan for the worst and do your best.
Report Post »schmite123oh
Posted on September 20, 2011 at 2:01pmwhat are you people talking about, gold and silver is clearly just as important as food, lead, water and what have you, it provides a medium of exchange. Having overkill in any category would be foolish. People with plenty of any category would gladly exchange it for gold silver, trust me, has been happening for centuries, with much worse conditions than the crap you people are spouting, wide spread anarchy will be put down so fast your heads will spin, you can bank on that. Too many people have too much to lose .
Report Post »oldsoldier10
Posted on September 20, 2011 at 7:09ami refuse to save anything or prepare for a false crisis, go back to Sleep America…. Eric Holder, Barak Housine Obama, Rev Wright, and the Congress Black Caucus are here to save the day. I myself can not wait for the division of the USA and the implementation of Shariah Law. I do however have two handguns, two rifles, and a shotgun and a butt load of ammo. and thanks to 20 years in the army BRM will pay for itself.
Report Post »rcguy
Posted on September 20, 2011 at 8:13amI’m with you brother. Plenty of food, water and a AR-15, pump 12 gauge and Glock pistol to protect what I have.
Report Post »SteveShelton
Posted on September 20, 2011 at 7:01amBe prepared! https://www.shelfreliance.com/joelshelton
Report Post »Farmer John
Posted on September 20, 2011 at 6:53amI have savings, two years food and water, and the three precious metals…Gold, Silver, and Lead.
Report Post »MARCH4HIM
Posted on September 20, 2011 at 7:02am@ farmer john
Report Post »Hits one out of the park…on first post
loriann12
Posted on September 20, 2011 at 7:04amWith the economy slowly going down hill, we don’t make enough money to put any money away. We did have 6 months food, but I developed cancer, and then my husband broke his leg. He’ll be out of work for at least 4.5 weeks and we have 2.5 weeks vacation So, we’ve been forced to dip into our emergency food and have no savings. I don’t even have enough to buy another gun.
Report Post »Liberals R Douche Bags
Posted on September 20, 2011 at 6:41amThe feds say americans are saving to much money, and that’s a bad thing. they the feds want us to spend money like they do and go into debt like the gov’t is.
Report Post »swampbuck
Posted on September 20, 2011 at 6:38ammy family is a “working family.”. Everything we own is paid for meaning no debt.We have cash on hand[not that it will be worth anything in the future]. We also have about 6mo of food water and guns and ammo[lots] I hunt and fish..we are always stocking up on more food and water a little at a time
We will be fine for a while, .
No matter what your situation it is possible to be prepared .
Report Post »MOLLYPITCHER
Posted on September 20, 2011 at 6:22amThis report doesn’t “reveal” anything. Working families are busting their butts just to get by. After bills and outrageously expensive food, theres nothing to save.
Report Post »INTHEBEGININGGOD
Posted on September 20, 2011 at 7:03amThe report just asked a question if you have a savings of $1,000. in case of an emergency. It sounds like your in the 33% bracket. It didn’t ask…. did you vote for obama for HOPE AND CHANGE for higher gas, food, clothing etc. It‘s apparent’s you did. So do it again in 2012 MOLLYPITCHER. Don’t you remember what obama said about YOUR electric bill, it will skyrocket. Stop complaining you got what you asked for. Now I guess your hand will be out to your conservative family members.
Report Post »Keaneba
Posted on September 20, 2011 at 8:35amAgreed, Mollypitcher. The report does not really go into the cause of why people aren’t saving, but the reason is fairly clear if you think about it. Considering the increase in the price of gas in the last 3 years, price of food, and the unemployment rate, it’s certainly easy to imagine why people are having difficulty getting an emergency store.
Report Post »BeTheSolution
Posted on September 20, 2011 at 6:00amI think going beyond the “gimme-gimme” attitude, which is in fact very prevalent in America right now. A lot of us Lower middle class Americans are too busy trying to keep our houses and other things we worked for (“worked for” now there’s an oft overlooked method of achieving things), and we burnt through any meager savings we had trying to survive in the economic dump. Now that those savings are gone some of us are working 2-3 jobs 70 hours a week. I don’t resent working but I definitely resent working my tail off, when people who’s only “disability” is they are too damn lazy to get a job qualify for housing assistance, food assistance, heating assistance, free health care, free drug programs, free transportation vouchers…… and more. makesmy face twitch just thinking about it.
Report Post »PFN
Posted on September 20, 2011 at 5:34amIn my opinion cash is all but worthless, literally. Our dollar is in decline, and will not buy today what it would yesterday. I would rather stock up on tangible assets than a fiat currency in the form of Federal Reserve Notes the value of which is manipulated by corrupted individuals. Fifty pound bag of rice; 19 bucks. 6 gallon water container, 8 bucks. A thousand rounds of your favorite ammo, priceless!
Report Post »Brooke Lorren
Posted on September 20, 2011 at 5:59amI agree that keeping around a lot of cash is not such a good idea. I‘d rather keep a very small amount in cash and put the rest into something that isn’t going to go down in value.
I don’t have $1000 in an emergency fund, but I’m not in debt, and I did pay for a couple of unexpected expenses this year: I replaced my washer and dryer when they broke (had to trade in a gold piece to do that) and I had to pay $600 to get my car repaired to pass the emissions test. I guess that I can be forgiven for not having one right now, because I’ve already spent enough to deplete it this year and then some.
I really can’t foresee any reason why I would absolutely have to come up with a large sum of money in the near future. There‘s alternative solutions to many events that don’t require money.
Report Post »Cat
Posted on September 20, 2011 at 5:03amDon’t get cancer at 57.
Report Post »They forgot that one.
Gypsy123
Posted on September 20, 2011 at 4:26amThe reason the country is in trouble. People do no know how to take personal responsibility. The debtor is slave to the lender. And when the emergency comes the government has to bail out the debtor only problem is the gov is not reliable and they have bailed out the lenders the banks the car companies the millionaires and now the people who have been the slaves are going to be out in the cold.
Report Post »Jedi Knight
Posted on September 20, 2011 at 4:25amDoesn’t the article headline conflict with the stats that they are reporting? The headline states that “most Americans do not have an emergency fund” but they report that 64% have enough money to cover a $1000 emergency expense. That would be more do (have emergency funds) than don’t. Don’t get me wrong…I think most Americans are not prepared enough and a $1000 dollars does not go far these days. Just confused about the conflict between the headline and the information contained therein.
Report Post »Locked
Posted on September 20, 2011 at 7:59amI thought the exact same thing! It should be “many” don’t, or “most Americans do have an emergency fund.” Expert reporting here, as always!
Report Post »the hawk
Posted on September 20, 2011 at 3:48amI cant believe they felt the NEED to report this ! ! !
Report Post »decendentof56
Posted on September 20, 2011 at 6:03amHawk…
Report Post »You have to face it. That’s why. Beck has been telling people to get ready for years now. Of course, the people who he was on to deamonized Glenn. Just look around. Read the paper. Get online.
When we had the trop. storm recently here in the mid atlantic, groc store shelves became empty in no time. People could not find generators, as they had been sold out at Lowes, **** Depot, Tractor Supply, and everywhere else.
People will panic in an emergency and, without doubt, will be unprepared both economically and in food preparedness.
The folks who still don’t get it with regards to this Marxist/Racist in the WH? They eventually WILL get it. We are headed for tough times economically and with civil unrest. It’s all part of the playbook, my friend.
You can continue to wonder why this made the Blaze, but, for me, I’m ready, in more than one way.
fatjack
Posted on September 20, 2011 at 11:01amIt’s coming!………………………Are you ready?
Report Post »The_Almighty_Creestof
Posted on September 20, 2011 at 3:47amFrom what I’ve seen of my co-workers, most are clueless of the upcoming crisis and turn a deaf ear when I suggest they start setting a few dollars aside and a few cans of soup and cases of water. They mostly live paycheck to paycheck even though many live with their folks (some of these are in their mid 30′s) …and though some are due to wanting to pay their student loans off, most are due to low wages/high bills, alimony/child support, credit card roulette and wanting everything RIGHT NOW.
I honestly don‘t think they will have a clue what to do tomorrow if their are no ATM’s, Mcdonalds or convenience stores open. The same goes for most of the customers I deal with.
For myself, I have nothing in a savings account and all in my checking account…which is about $17,000 – $20,000 at any one time, $425,000 in retirement savings, 1 years worth of food and water, 2 shotguns, 4 rifles, 5 pistols and about 5,000 rounds of ammo. A GHB, BOB, and a secondary retreat picked out.
I owe $8,000 on credit cards which I will have paid off by May of 2012…leaving just my mortgage and utility bills.
When I talk to my co-workers about what they plan to do in a crisis, the answer is always the same…”Come to your house!”
I would like to see a larger sample for this poll…broken down by age groups, single/married and so on…but as is, it is quite believeable.
Report Post »mmabri
Posted on September 20, 2011 at 6:08amI’m almost the same on this issue as you. I have retirement funds in my 401k, but not much aside from that because of bills. By the spring of 2012 most my dept should be paid off though. I do stock up on emergency food, water, guns, and ammo. Most my co-workers are clueless also on any kind of emergency, and we live in hurricane friendly Florida. They think after a couple days they’ll just be able to go to the grocery store and get what they need. As for any of them coming to my house. I’ve told them their houses would be some of the first I raid because I know they have to weapons to protect what few suppies they do have.
Report Post »old blacksmith
Posted on September 20, 2011 at 6:22pmi’m a blacksmith, so there’s some measure of self-reliance inherent in that profession.
Report Post »some years ago, economic reality dictated that i had to make more money. i went with a startup software company. we wrote a fully integrated, multi-currency, multi-lingual banking system. i taught myself to write code and worked as a systems analyst – but the big thing that i learned through that gig is that digital money is just a concept. i could make myself rich in a test environment in a matter of minutes, but that “rich” didn’t count….. wrong computer. a few years back i realized the direction things were going and that there really was a someone out there who could say which computer was the only one for valid digital assets.
so, i started de-digitalizing assets a few years back. i still got some cash to run the business and for personal emergencies, but the bulk of my “wealth” has gone into an old farmstead (1/2 tank of gas away with a steady spring for water – 2′ thick stone walls & metal roof), precious metals – including .22 lr & .223 “lead”, and plenty of stored food, “heritage” seeds for the garden.
i hope i’m around to help if it all needs to get used, but if not my kids will have a shot at getting though.
louise
Posted on September 20, 2011 at 3:45amWe have always been frugal and taught our children to live beneath their means not within their means….that way they had a little extra so they COULD stock up. Kinda of hard to do sometimes when prices on everything continue to rise.
Report Post »Told my husband that during the depression, lots more people were farmers and could live off their land. Not so today. And now we are facing a perfect storm of natural disasters, currency collapse, apostate churches, criminals running the government, and theft of Americans’ assets to bail out foreign countries. What is left for the average family to stock up?
This is where we can exhibit true love for our neighbor. For those who can…..they will stock up and if they are compassionate, they will share.
Think of the story of Joseph in the Bible.
LiveWithPassion
Posted on September 20, 2011 at 3:32amDave Ramsey’s first baby step to Financial Peace is the SAVE $1,000.
Report Post »Make the commitment to become debt free and get current on all bills.
■Step 1: $1,000 to start an Emergency Fund.
■Step 2: Pay off all debt using the Debt Snowball.
■Step 3: 3 to 6 months of expenses in savings.
■Step 4: Invest 15% of household income into Roth IRAs and pre-tax retirement.
■Step 5: College funding for children.
■Step 6: Pay off home early.
■Step 7: Build wealth and give!.
Live different today, so you can live different tommorw – and we begin to take back our country with these financial baby steps rather then depending on Obama’s Stash.
Dustyluv
Posted on September 20, 2011 at 4:53amNone of that will do a bit of good when hyperinflation hits. You need food, water,gold, silver and ammo. The rest is not going to help when a loaf of bread is 100.00.
Report Post »copatriots
Posted on September 20, 2011 at 8:47amWill you give the commercial a rest, PROV, for at least the rest of this thread? We get it. You’re supplementing your income.
By the way, Ramen noodles are a very inexpensive food alternative and easy to store. You don’t have to put the MSG seasoning on them.
Report Post »WeeeDontNeeedNoSteeenkinBadges
Posted on September 20, 2011 at 3:21amRemember, these statistics don’t determine any overlap of the statistical areas:
“One out of every six Americans are now on some form of government assistance.” -Glenn Beck
One could reasonably suspect the majority of these clueless types are Obama-nation types … on welfare, food stamps, unemployment, union pensions, or other kinds of socialism.
Report Post »WeeeDontNeeedNoSteeenkinBadges
Posted on September 20, 2011 at 3:44amFor all the rest … are you replying on … “paper money” … for your emergency fund?
Over the past few years, prices are up-to-double because THE DOLLAR has lost it’s value. Even if your wages have been increasing, your now-static “savings” have lost 1/2 it’s buying power. Pfft! Gone, just like you were robbed. (HINT: you were.)
What to do? Ask Glenn Beck:
Report Post »“Washington’s DELIBERATE ECONOMIC EARTHQUAKE Exposed By Glenn Beck :: Then ReBOOT USA To Communism!”
http://www.youtube.com/watch?v=4y03b4kHais
Rational Man
Posted on September 20, 2011 at 3:50amWRONG!!
Don’t know why you think that,“the majority of these clueless types”, in trouble financially are, “Obama-nation types”, and socialists. Do you live in a bubble?
The middle class is disappearing into poverty and it’s not discriminatory as to who goes there!!
Report Post »I don’t know what you do for a living, but who knows?…….You could be next!
Then what will you say?
SHOWMESTATEGUY
Posted on September 20, 2011 at 3:54am“one out of every six Americans are on some sort of government assistance”……
Those one in six probably don’t pay anything into social security, medicare or any other type of federal taxes or state taxes. Maybe they need a job so they can help the rest of us keep this country afloat? Will they receive social security and medicare when they reach the age requirement? You know it.
As a percentage the people who pay taxes and actually support this country continues to decrease. When Social Security was passed into law we had 126 people paying for each person receiving benefits. Now it is down to 10 people working for each person receiving benefits. Anyone see a correlation?
Report Post »lapua338shooter
Posted on September 20, 2011 at 4:07amI just found out my wife’s son is getting food stamps & medical assistance from uncle obama. I was sorta shocked to hear it as I’ve always known him as a hard worker & somone that would take extra work to make ends meet. It’s concerning. My son (who I’m sure takes after his mother) has his hand out for EVERY gov. entitlement he can get. His mother was the same way. Even though I raised him from 6 months old to 18 years (now 32), he’s become a regular government sponge. I pay him well & he still sponges. He figures if they’re giving, he’s taking. I pray he opens his eyes before it’s too late. When I mention the storm on the horizon, he looks at me like I have a screw loose. I know I’ll be sure to remind him of all this when he comes looking for a dry place to sleep & a hot meal.
Report Post »TH30PH1LUS
Posted on September 20, 2011 at 3:14amI hope people are listening to these warning bells. I can’t help but feel that soon the warnings will cease, not because we averted trouble with another Obama spending bill, but because time has run out.
Be ready.
Report Post »GBMBulletsSKNRD
Posted on September 20, 2011 at 3:23amThe good news is a lot of people are ready. I for one stocked up on everything. I even stocked my two sisters that don’t think anything is wrong. To be on the safe side 1.5 years worth for myself and them.
I really, really hope it goes to waste. Know what I mean?
Report Post »Liberty1791
Posted on September 20, 2011 at 3:09amSecond — woohoo
Report Post »Liberty1791
Posted on September 20, 2011 at 3:09amooooops third — so sad
Report Post »Rational Man
Posted on September 20, 2011 at 3:06amMine got used up last year…….What now?
Report Post »NOT A CRAZY
Posted on September 20, 2011 at 3:00amFirst!!!
Report Post »GBMBulletsSKNRD
Posted on September 20, 2011 at 3:15amFirst to be an idiot?????
It never works but hey maybe next time.
Report Post »Dustyluv
Posted on September 20, 2011 at 4:56amNot A Crazy… you should change your name to just plain old crazy…
Report Post »