Wednesday, September 11, 2013

Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain

In June, the number of households receiving foodstamps rose to 23.117 million, an increase of 45.9k in one month, and also a new record high. As for the average monthly benefit per household: $274.55, just off record lows.
And while it is understandable why the media has been obsessed with Syria: after all the administration is in dire need of distractions from so many things having gone wrong, it is also understandable why no mainstream media outlet will show the following chart: the change of Americans on foodstamps and disability vs jobs since the start of the Depression in December 2007. The reason is that while over that time period the US still needs to generate an additional 2.2 million jobs to get back to breakeven (ignoring for a minute that the jobs created are mostly part-time or low paying jobs), the number of foodstamp and disability recipients has risen by 22 million!
http://www.zerohedge.com/news/2013-09-08/households-foodstamps-rise-new-record-high-more-americans-live-poverty-population-sp

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