Skip to comments.US Foodstamp Usage Rises To New Record High
Posted on 10/05/2012 5:40:13 PM PDT by Snuph
At 46,681,833 million the persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues 'plumbing' newer and greater heights each month.
More disturbing is that in the same month, the number of US households reliant on foodstamps rose by a whopping 99,493 to 22,541,744. Assuming a modest 2 persons per household, the increase means that more people went on Foodstamps in the month of July than found jobs (181,000 according to the latest revised NFP data). Furthermore, it appears that buying votes has become a tad more expensive in the past month. After the benefit per household dipped to a record low in April at just $275.81, this has since retraced some of its losses and is now at an inflationary $277.92. Oh well: inflation.
Adding the number of disability recipients in the month of July, which in that month rose by 20,474, and one can see why the government is quite happy with dumping this particular release long after everyone was on their way back home for the weekend.
Finally, and putting it all into perspective, since December 2007, or the start of the Great Depression ver 2.0, the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million. Oh and about $7 or $8 trillion in debt. Who's counting really.
(Excerpt) Read more at zerohedge.com ...
Time was short decades ago. This is what happens along the way.
Trust me - you would be shocked at how many were suddenly off the dole and leaching off some relative.
I'd also bet they would be a pretty good increase in shotgun weddings as well...
Might be a few who realize work wont kill them too!
Hurray for government dependency! Sigh. Is it over, or does the republic still stand a chance? I tend to think the former.
On kfi they play an ad for food stamps round the clock. It’s now called cal fresh and they are begging people to sign up when money is tight.
One could only hope M222. One could only hope.
Thank you for the chart
When it hits 47% - SELL!
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