Tuesday, March 26, 2013

Rick Santelli: It's better to be on disability than to work at minimum wage

On March 26, CNBC reporter Rick Santelli uttered the words that many in the alternative economic media have already known.  Welfare and disability pay more than working an average minimum wage job.

For someone in the mainstream to finally get it, and actually report it, is always a turning point in the propaganda media when they finally have no choice but to report the obvious.

CNBC's Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate) pay around $13,000 per year (versus $15,000 for minimum wage work). However, Santelli exclaims, the people on disability get healthcare; and this program costs the US $300 billion per year. Is it any wonder that only 1% of those who were on disability in Q1 2011 have left? Santelli comments, "I'm not saying there aren't people that are on disability that shouldn't be, but much of it is illnesses like back pain... it's a judgment call," adding that, "without incentives, large issues go ...totally unfixed." - CNBC via Zerohedge

So we will go back to last November when a chart created by the Secretary of Public Welfare, showed that someone making $29000 will receive more in take home government benefits than another worker making $69000 after taxes (which go to the person making only $29000).


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