Food Stamp Usage Hits 18 Sequential Record High At 40.8 Million

Tyler Durden's picture

Not much commentary needed here as boston.com says it all: "The number of Americans who are receiving food stamps rose to a record
40.8 million in May as the jobless rate hovered near a 27-year high, the
government reported yesterday. Recipients of Supplemental Nutrition
Assistance Program subsidies for food purchases jumped 19 percent from a
year earlier and increased 0.9 percent from April, the US Department of
Agriculture said in a statement on its website. Participation has set records for 18 straight months. An average of 40.5 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates. The figure is projected to rise to 43.3 million in 2011." But who cares: can someone please tell these ungrateful sods  their stocks are up like 70% since the Fed became the market in March 2009.

h/t Mike

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Mr Lennon Hendrix's picture

Virtual bread lines.  This while JPM lines theirs.

wyosteven's picture

The joke is on the rest of us whose plastic cards are connected to banks, not the US Treasury.

Anyone looking for a thesis topic should cover food stamp usage and trending over higher education -- medical, dental school students, lawyers, etc.

It's the all one can ride on the Zipper until some carney hands them a bag to puke their thanks into.

Moneygrove's picture

Off with your head just like in manchester ,ct ?????? poor not going to take like in the 30`s !!!!!!!!!!!!!

swamp's picture

Why the assumption these are Americans?

Millions in California alone, on food stamps, are illegal aliens.

Many are legal immigrants on food stamps.

If you had a back door look to the handouts to illegals in this state alone you'd barf.

Steak's picture

so you are in favor of cutting off foodstamps for LEGAL immigrants as well?  kind of ironic that in thinking about how other people don't starve due to food stamps you throw up your lunch.  good thing you're rich enough to afford all that extra food.

Occams Aftershave's picture

yes, we have the bread lines as in the Great Depression.  Only this time they are clutching their food stamps standing in line at Wal-Mart groceries.

Max Hunter's picture

I've been saying that for a couple years. People don't think it's as bad because everyone is getting gubment handouts..

I seems to me, most of the comments miss the whole point of the article. The simple fact that 41 million people qualify for Food Stamps is a snapshot of our situation.

Instead, people who don't need the help are turning on the ones that do. How sad. I for one, am a tax payer, and I don't want to see people, especially children, going without food.

If you don't need Food Stamps, just be thankful for that fact.. and move along.. No need to attack the ones that do, the vast majority don't want to be in that position.

Frank Owen's picture

"Scrooge sees under the robe of the Ghost of Christmas Present, two children, whose names show that they are symbols: Ignorance and Want. Dickens sees that a lack of education and extreme poverty make it impossible for anyone to have a good life. Of the two, the Ghost tells Scrooge to beware the boy " most of all" because ignorance allows poverty to continue."

It would be interesting to see what Dickens would have thought of the people "clutching their food stamps standing in line at Wal-Mart groceries." The irony of poverty being hidden in such a manner by use of food stamps and a corporation such as Walmart is funny, in a sick and twisted way.

Mojo's picture

Talking about irony. Americans throw away 30% of their food. I see it everyday. It's like a bisarro world out there.

bob_dabolina's picture

They should get rid of food stamps.

I'm tired of seeing fat people.

I'm even more tired of paying taxes so they can sit on their fat asses and collect all this bullshit while I'm working.

Gully Foyle's picture

bob_dabolina

Move to fucking Africa.

Thank you. You have motivated me to aply for anything I can get just to suck as money as possible from your ignorant ass.

What a relief now I can eat again.

bob_dabolina's picture

Why don't you move to Russia you lazy ass piece of shit.

Kiss my dick you marxist shit stain.

Mr Lennon Hendrix's picture

I junked you both.

Take it outside.

Gully Foyle's picture

Mr Lennon Hendrix

Thank you Daddy. I'm sorry the other guy was a repugnant excuse for a human being. If I were Liberal I might claim he were a Teabagger.

 

Gully Foyle's picture

Mr Lennon Hendrix

I thought the ID was the infantile part.

Shit.

Gully Foyle's picture
Kenny Rogers & The First Edition - Just Dropped In (To See What Condition My Condition Was In)

 

http://www.youtube.com/watch?v=Jz3yhYYV5MQ

 

Big Lebowski themed, like nothing came before that.

Turd Ferguson's picture

On a lighter note, the market is just about to turn green!!!

Must be all the "good economic news" of the day finally working its way through to "investors" who are "cheering" all the "green shoots".

Mr Lennon Hendrix's picture

RUS 2k says, "Give me those emerald tinted glasses!"

Turd Ferguson's picture

Yep, hard to budge the Russell on ES market orders alone.

SwapThis's picture

Dude, I bet you play a mean game of table tennis.

 

 

zhandax's picture

Damn! is this what a junk filter DOS attack looks like?

Kaiser Sousa's picture

no doubt...

sounds like teens n need of conflict resolution skill set...

Gully Foyle's picture

Kaiser Sousa

I cut you man! I cut you deep and continous!

I cut you man!

Young's picture

But one of 'em clearly must be obese (won't say which one for fear of getting junked)? Solly, couldn't help myself...

bob_dabolina's picture

I wouldn't have told you to kiss it if I had a pussy.

Gully Foyle's picture

bob_dabolina

Well you seem like a pussy. I assumed you were a big ole bull dyke.

A dick and a pussy makes you a Hermaphrodite, like that Olympic runner.

 

omi's picture

He's in the right place, USA, coming socialist paradise. Russia is now capitalist.

tmosley's picture

Right, move to the place where that type of socialism has already reached it's logical endpoint--mass starvation.

God forbid a man be allowed to keep what is his.  Instead, we should take everything that a man has and leave him with nothing, and instead force him to crawl on his belly to us for alms.  Surely he won't just stop working...

swamp's picture

That's exactly what I did, I just stopped working.

midtowng's picture

Get a clue. You can't qualify for food stamps unless you are absolutely destitute. No real income or savings. Most of these people will wind up homeless, if they aren't already.

 If you simply want to see people starve then I hope you also starve one day.

Popo's picture

Oh please.  You get a fucking clue.   This isn't rice, bread, milk and a weekly chicken we're giving these people. 

Foodstamps are a complete crock.  The foodstamp program is heavily lobbied by General Mills, Kraft, Nestle and the other big guys.

This is just one more subsidy to big corporations.

 

 

midtowng's picture

Food stamps doesn't even pay enough for someone to eat the whole month. People also have to go to food banks for donations. The average food stamp monthly budget is less than $100. Do you think people spend the money on lobster and caviar?

http://newsblogs.chicagotribune.com/the-problem-solver/2010/04/eating-we...

 So once again, it is YOU who needs to get a clue.

-Michelle-'s picture

According to your link:

According to the AP story, an average American family of four receives around $275.53 a month in food stamps, which comes to about $68.88 per week.

 

midtowng's picture

Uh, yes...? $275.53 for a family of four comes to $68.88 per person. Or about $1 per meal.

 Exactly what is the point you are trying to make?

-Michelle-'s picture

That your previous point was incorrect.

midtowng's picture

Exactly what part of $68.88 being less than $100 do you not understand?