Another Democratic supporter... Really? - Page 2
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Thread: Another Democratic supporter... Really?

  1. #11
    Join Date
    Mar 2011
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    Quote Originally Posted by cawpin View Post
    The issue with that is almost everybody who isn't somewhat wealthy and owns their home, and is paying a mortgage, may qualify. My "net worth" is negative because of my mortgage, as is most people's. Cash on hand may be a better measure. It is a problem that doesn't have an ready answer unfortunately.
    I agree. But changing the law to consider net worth would stop a lottery winner from collecting entitlements. Mortgage holders face daunting times and in some cases should qualify for assistance. The recent drop in housing values has put many homeowners "under." They purchased with low downpayments based on unrealistic offers from lenders and now owe more than the property is worth. In a knee-jerk reaction, lenders are reluctant to refinance or lend to new purchases. This is America's new class of poor and they need help.
    GOD, GUNS and GUITARS

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  3. #12
    Quote Originally Posted by Nightmare45 View Post
    If this guy is continuing to take welfare, he is commiting fraud. Put him in jail that kind of money should be able to by him a couple packs of smokes.
    While probably not outright fraud on the guys part, it is clear the he is ineligable to continue SNAP benefits. The social services bozos made an incorect decision that the lotery winnings were not a countable asset. In order to be eligable for SNAP benefits you cannot have more than $2000 worth of countable assets. Countable assets include, money in a checking or saving account, investments (other than IRA's and other pension accounts), and assets that can readily be converted to cash to buy food. Lottery winings would be countable, IMHO, because it is ready cash that can be used to buy food.

  4. #13
    Join Date
    Feb 2009
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    Creswell, Oregon
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    Quote Originally Posted by G50AE View Post
    While probably not outright fraud on the guys part, it is clear the he is ineligable to continue SNAP benefits. The social services bozos made an incorect decision that the lotery winnings were not a countable asset. In order to be eligable for SNAP benefits you cannot have more than $2000 worth of countable assets. Countable assets include, money in a checking or saving account, investments (other than IRA's and other pension accounts), and assets that can readily be converted to cash to buy food. Lottery winings would be countable, IMHO, because it is ready cash that can be used to buy food.
    If social programs were about helping those in need you would be correct, but these programs are about creating government dependents.
    "You can get a lot accomplished if you don't care who gets the credit" - Ronald Reagan

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