0
Tag Archives : Foodstamp Usage
14 people made more money than Food Stamp budget for 50,000,000
Posted by truther on October 7, 2014
Paul...
11 Things You Didn’t Know You Could Buy With Food Stamps
Posted by truther on July 2, 2014
Hannah...
Why are 47 million Americans on food stamps? It’s the recession — mostly.
Posted by truther on September 25, 2013
Brad...
Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain
Posted by truther on September 10, 2013
Zerohedge
There...
Obama administration openly pushing food stamps to illegals; no citizenship required, no income status checked
Posted by truther on April 29, 2013
Mike...
46,609,072 People on Food Stamps in 2012; Record 47,791,996 in December
Posted by truther on March 16, 2013
DANIEL...
Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic)
Posted by truther on October 26, 2012
Mac...
Reality: More People Requested Emergency Food Assistance Than Found Jobs
Posted by truther on October 9, 2012
Mac...
US Foodstamp Usage Rises To New Record High
Posted by truther on October 8, 2012
Tyler Durden
Zerohedge
While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY’s direct pipe to Citadel notwithstanding), there was one other, far more important data point released by the government’s department of agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government’s Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.
At 46,681,833 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.
And this is the real and only key economic statistic of today that nobody wants to talk about, because it is equally the fault of both parties.
Total foodstamp recipient persons:
Total foodstamp recipient households and benefits per household.
Putting it all into perspective: Jobs versus Foodstamps/Disability: