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On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp Usage
Bernanke's plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates that in December those receiving an average of $134 per month has just hit 44.1 million people. These lucky people will soon be able to buy an inflation adjusted 2.3 crumbs of notional bread with this generous handout from the Chairsatan. In other words, America is now the land of the free, home of the brave, of whom 14.3% can't afford to eat, even with all the new jobs created by both the old QE1, Lite and 2, and soon to be 3. Don't forget that according to the Bernank, QE2 has already created 250,000 new jobs... all at the a modest cost of $1.3 million per job.
h/t John Lohman
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Bastiat, don't forget about FUNemployment, Social Security and their less socially acceptable cousin, welfare. They either didn't exist at all or were in their infancy at the onset/during the GD. Imagine what this country would have looked like without those programs in place.
Just finished my taxes. Goddammit I do not want to pay for this. Forced at the point of a gun.
Pathetic. Shit. Nothing I can do but write a check, feel like it directly goes to welfare.
Fuck.
Directly to the welfare , wow, I wish we where that lucky!! No instead it goes directly to interest payments on said welfare. We're fucked!
ONLY AFTER our erstwhile Public "Employees" grab their share...
You must be John Galt.
That's my real name and last initial, so no. I am just about ready to go full Galt's Gulch though. No damn way to escape the outright theft of my hard earned fiat. Just pissed as hell.
And fuck you junkers, see how you feel writing 5 figure checks to the IRS 4 times a fucking year.
I need a drink, and I already had my "Obama shot" at 5 am. Usually get's me through the day. Not after that total. Shit.
Enjoy your 12 year single malt, Galt. I know it's a bitch carrying the rest of the world on your tired shoulders.
It isn't just me that's tired. It's the one-third of us that pay taxes carrying the world.
It's the new killin' it - extortion.
We'll all be down to five figures before we know it . . . 'cept the banksters, I spose.
Several employes will see less than that end of next week. No choice once again.
I really hate laying good workers off. Hate it. It's the bad end of business.
Once again I exlaim SHIT, because that's what's coming. Fuck.
Wrong again yenius, it's going directly to Goldman Sachs, JP Morgan and Bill Gross. You should be grateful to be helping those who are so much better than yourself.
Thanks for that. I feel so much better now.
(pours vat of scotch.....downs it, pours another.)
Wonder if I can expense that somehow..... Medical expense?
That's just an illusion.
approx 13 billion a month of electronic dollars gets created for this food stamp program, no?
In fiscal year 2009, the federal government spent about $56 billion on the Food Stamp Program
Let's do a little math. 250,000 jobs at $1,300,000 per works out to $325,000,000,000. If we figure the average cost to employ a teacher is about $80,000 including bennies that would be enough jack to pay 4,062,500 teachers. Yep, it's those dirty old teachers that are causing all the trouble. I bet all you shills are about ready to lay the blame off on all the folks on food stamps too. What a bunch of jack asses. If all you shills and guys who are running CENTCOM's false identity program think the elites are going to take care of you, you are a moron. When you are hungry and need help you can go get on food stamps, oh wait, there won't be any food stamps because your moronic ass helped destroy the program. Nice work yenius.
So if I get a paper route, does Ben owe me 1.3 million? Nice stat.
The food stamp number quoted is slightly misleading. It has to be per person. Per household is higher, a lot higher. For Tennessee
Average 1 person $131
Average 2 person 387
Still, the point is well taken. Food stamps don't cost much. HUD housing is the real monster welfare program in the States.
Food stamps cost plenty when you multiply the monthly benefit times 44,100,000.
In fiscal year 2009, the federal government spent about $56 billion on the Food Stamp Program
Our shadow inventory is being cleverly held back, but for whatever reason, there are many HUD homes hitting the market... lot of them new construction in decent neighborhoods... all sold as is of course... and I'm sure with a ridiculous disclaimer list.
Bookmarked as classic. This post doesn't need keywords because it's got everything.
You can bet your bottom dollar (a.k.a. FRN) that if that chart shows a monthly decline in the near future, The Ben Bernanke will be crowing about how QE is reducing poverty.
It is astonishing how much the SNAP rolls have grown over the past 4 years. Actually, it is terrifying. Oh, well. The stock market is up. Today must be a good day...
Pardon me for not fully understanding the funding of QE policies. But don't we have to raise the debt ceiling before they can implement a QE3?
Its allready a done deal.
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