Over 46 Million Americans On Foodstamps For The First Time Ever
Zerohedge.com, 12/05/2011
While the capital markets may be cheering that in the past month 120,000 people supposedly found jobs, even if these were largely temporary or part-time just in time for the year end shopping sprees, we wonder how they will react when learning that according to the latest update from the Supplemental Nutrition
Assistance Program (SNAP), some 423,000 Americans found their way to minimum way subsistence, courtesy of Food Stamp handouts from Uncle Sam. Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million. All Bush's fault, or something. At least the chart below appears to be plateauing… Actually, sorry, no isn't.
See Also:
Food Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In May
US Food Stamp Usage Hits New Record
6M young U.S. adults live with their parents
Cost of federal unemployment benefits so far: $434 billion
