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Foodstamp Usage Climbs To New All Time Record Highs

Tyler Durden's picture




 

July foodstamp has just climbed to a new all time high. According to the Supplemental Nutrition Assistance Program (SNAP) at the Food and Nutrion Service, July foodstamp usage rose 1.4% from June, hitting a new record of 41.8 million, and 17.5% higher than the 35.6 million on assistance from a year ago. Participation has set records for 20 straight months. And it gets worse: as per BusinessWeek: "An average of 43.3 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."  Somehow we get the feeling these almost 42 million people will have little to no use of discount window or excess liquidity usage once gas hits $10 a gallon, nor will Dow 11,000, 12,000, or even 36,000 do all that much to shorten the soup kitchen lines.

 

 

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Wed, 10/06/2010 - 10:24 | 629002 Dagny Taggart
Dagny Taggart's picture

Wouldn't it be cheaper for the gubmint to just send every American an apocalypse pallet from Costco?

Wed, 10/06/2010 - 10:57 | 629132 Thunder Dome
Thunder Dome's picture

The 'apocalpyse pallet' is marketing genius.  You should submit that one to Alex Jones.  I'd buy it!

Wed, 10/06/2010 - 11:23 | 629225 papaswamp
papaswamp's picture

Heck yea that stuff rocks!

Wed, 10/06/2010 - 12:24 | 629482 Ripped Chunk
Ripped Chunk's picture

Or at least some more of that shitty tasting cheese they gave away a while back.

Wed, 10/06/2010 - 13:20 | 629710 Henry Chinaski
Henry Chinaski's picture

Never happen.  It's too hard to convert those pallets in to chips in Vegas, baby.

Wed, 10/06/2010 - 10:24 | 629007 EscapeKey
EscapeKey's picture

I don't get it. This counters all common sense. How can this keep going?

 

Wed, 10/06/2010 - 10:33 | 629038 Dr. Engali
Dr. Engali's picture

Just keep printing that's how.

Wed, 10/06/2010 - 10:39 | 629069 kaiserhoff
kaiserhoff's picture

It's like the movies.  First, you must suspend disbelief.  Tequilla helps.

Wed, 10/06/2010 - 12:25 | 629490 Ripped Chunk
Ripped Chunk's picture

It can't. Prepare accordingly.

Wed, 10/06/2010 - 13:10 | 629673 pan-the-ist
pan-the-ist's picture

All is well as long as they adjust the food stamps for inflation...

Wed, 10/06/2010 - 10:28 | 629021 fiftybagger
fiftybagger's picture

Recession is over!

Wed, 10/06/2010 - 10:35 | 629047 Dr. Richard Head
Dr. Richard Head's picture

That's right, it's over.  Bring on the boom times baby.  Buy equities; buy homes, financials look good. /sarcasm

At least JPMorgan can make a killing with some sort of arbitrage on these stamps since they are the ones processing them.

Long live the FED!  We can paper this shit over easy ya'll.  Liquidity providers are necessary to keep the serfs in debt and on government assistance so that Xmas bonuses may be paid in full, perhaps a few mid-year bonuses as well.

Wed, 10/06/2010 - 11:35 | 629265 DaveyJones
DaveyJones's picture

recession is over, depression is on

Wed, 10/06/2010 - 10:31 | 629026 Bearster
Bearster's picture

"...ehow we get the feeling these almost 42 million people will have little to no use of discount window or excess liquidity usage once gas hits $10 a gallon..."

Which is why gas won't hit $10 a gallon.  The demand isn't there to push up the price.

Wed, 10/06/2010 - 10:35 | 629045 DonnieD
DonnieD's picture

Print enough money and it will.

Wed, 10/06/2010 - 11:37 | 629276 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Bearster, I agree with you. Over the long haul, someone has to buy those future contracts. If the demand is not there, prices will not rise that high. I predict $1.25 per gallon gas in a year.

Wed, 10/06/2010 - 12:26 | 629493 tmosley
tmosley's picture

You sure?  When hundred dollar bills are floating down from the sky, gas will probably be going for a little more than it was in 1995.

Wed, 10/06/2010 - 13:41 | 629770 ATTILA THE WIMP
ATTILA THE WIMP's picture

Hey Vamp. I'll agree to fill up your tank if gas sinks to $1.25 if you'll agree to fill up my tank if it hits $5.00.

See ya next year.

Wed, 10/06/2010 - 15:27 | 630130 SamuelMaverick
SamuelMaverick's picture

If gas hits $4 per gallon again, you will see the same result as before in 2007/2008, it will contribute or cause the economy to crash again.   Yours, Maverick

Wed, 10/06/2010 - 11:42 | 629281 DaveyJones
DaveyJones's picture

there is no substitute and they literally need it to build substitutes, the supply will begin falling substantially, there are plenty of entities that can not do without it, and these entities either have resource or can force it out of others.   

Wed, 10/06/2010 - 10:31 | 629027 kaiserhoff
kaiserhoff's picture

Would you rather have an ounce of gold, or a new pickup truck?  Careful now, you can feed your family forever with a pickup.  On Monday you drive to the local food bank.  On Tuesday, you have Pedro drive.  On Wednesday, Rosasharn...

Haven't read Grapes of Wrath yet?  What are you waiting for?

Wed, 10/06/2010 - 11:19 | 629209 CrockettAlmanac.com
CrockettAlmanac.com's picture

I don't recall there being a Pedro in Grapes.

Wed, 10/06/2010 - 13:24 | 629725 kaiserhoff
kaiserhoff's picture

Not trying to do a plot summary of the Joads.  OK, the sarcasm gets a little thick.  Mea Culpa.  Just trying to point out that while the need is greater than ever, so is the abuse.

Most of the money for the "poor" goes to a self-selected permanent welfare class who live in section 8 housing for generations.  Most of the rest goes to the bureaucrats who feed them.  Still, yet, again, the government is broken.

Wed, 10/06/2010 - 10:32 | 629028 egdeh orez
egdeh orez's picture

Now that's a bullish stat

Wed, 10/06/2010 - 10:35 | 629050 EscapeKey
EscapeKey's picture

It is - the more people on foodstamps, the more cash they have left in their hands after paying for groceries.

STRONGLY BULLSHISH.

Wed, 10/06/2010 - 10:41 | 629072 hedgeless_horseman
hedgeless_horseman's picture

Strongly bullish for the blue team's election prospects, too.  Not that it really matters to us, but it does matter to those whose income is connected to public orifice.

Wed, 10/06/2010 - 10:48 | 629094 scatterbrains
scatterbrains's picture

not if they rudely continue to prohibit the cashing of welfare checks on cruise ships and such. That could hurt travel/casino buisness if they keep this up.

Wed, 10/06/2010 - 11:02 | 629155 nedwardkelly
nedwardkelly's picture

Cost of living - food stamps = Extra money for iPads

Wed, 10/06/2010 - 10:31 | 629029 Gene Parmesan
Gene Parmesan's picture

The Summer of Recovery is apparently over. What now? The Fall of... the Economy?

Wed, 10/06/2010 - 10:32 | 629033 Kreditanstalt
Kreditanstalt's picture

It's increasingly meaningless...

How would a stock investor sell into a Dow 10,950 market with volume off 25%?

How would you sell into a Dow 12,000 market in which volume is down 70%?

How would one sell into a Dow 36,000 market in which volume is down 99.7%?

At some point stock holders, whoever ~ or whatever ~ they are, will begin to chase their tails and, ultimately, to consume one another... 

Wed, 10/06/2010 - 10:38 | 629059 EscapeKey
EscapeKey's picture

Well, that, or the PDs profiting from PPT intervention. Which would essentially mean PDs outright stealing from taxpayers.

Wed, 10/06/2010 - 10:51 | 629108 skohiu
skohiu's picture

Prechter via Richard Russell

 

"I asked Bob Prechter what he sees for the future of the advisory business. His answer was that in five years, people will be so disgusted with the stock market that they won't care whether stocks are up or down."

 

Wed, 10/06/2010 - 10:33 | 629034 wintermute
wintermute's picture

I don't know what a food stamp looks like but if it can be used as paper currency then maybe the Federal Reserve and its QE-infested FRNs can be kicked into touch.

Foodstamps! The next world reserve currency. Momentum is behind it.

Wed, 10/06/2010 - 10:38 | 629065 Dr. Richard Head
Dr. Richard Head's picture

That's right.  Many don't know what fs look like.  JPMorgan apparently issues a credit/debit card like device so that the user can process their food stamp payment without the same emotional ties as the soup lines of the 30's.

This new technology allows for the invisible soup line to grow and grow without scaring the plebes.

Wed, 10/06/2010 - 11:05 | 629143 wintermute
wintermute's picture

Ah. Thanks for the info. So basically a government-charged debit card. It would look to the casual observer like any other card.

Appearances are everything. We are not in a depression because food queues are not seen.

The whole problem with this paradigm, where systemic stress is hidden, is that it is like a steam engine or pressure-cooker with a blocked release valve,. Everything can look perfectly normal - then "Shazam" the whole system disintegrates.

At least in the 1930s everyone could see the pain of economic failure and this is a mental kick for the whole country to fix itself. A Potemkin village ediface fools most people into not changing their fiscally unsound ways - until it is too late.

 

 

Wed, 10/06/2010 - 11:04 | 629165 nedwardkelly
nedwardkelly's picture

Yeah I've seen them at the supermarket. People whip out what essentially looks like a debit card. I don't know if it somehow filters what is or isn't eligible, or if it just straight up reduced teh grocery bill etc though. I mean, there is restrictions on what you can use it for right? .... right?

Wed, 10/06/2010 - 11:14 | 629194 FEDbuster
FEDbuster's picture

Let's not forget that the Walmart CFO said their stores start to fill up with people around 10 PM on the last day of the month.  They fill their carts up with groceries and wait for midnight on the first for their foodstamp cards to recharge.  At 12:01 they start to check out.  He said stores see a significant jump in grocery sales on the first.

Wed, 10/06/2010 - 16:12 | 630244 NotApplicable
NotApplicable's picture

I just found an AP article discussing the 12:01 run.

http://apnews.myway.com//article/20101006/D9IMCKPG1.html

Wed, 10/06/2010 - 11:28 | 629245 Dr. Richard Head
Dr. Richard Head's picture

There are federally mandated machines that handle the processing of these cards. Take a look at the checkout line next time you are in there.  Two different CC processing machines. The one you use is for CC and Debit, while the other is for welfare.

Never used one in my life.  Hope it doesn't come to that.  This is the only hope I have.  HAHA

Wed, 10/06/2010 - 12:15 | 629434 Blano
Blano's picture

Last month the guy in front of me at the grocery store had a Bridge card and he ran it through the same machine that I used for my debit card. 

Apparently you can also get cash out of those cards when you buying something.  Kid bought a Coke for $1.30 and the cashier then gave him $98.70 in cash....$100 total.  I wasn't even aware that was possible.  Frankly, I was rather disgusted.

Wed, 10/06/2010 - 15:15 | 630096 NotApplicable
NotApplicable's picture

That surprises me. I wonder if the cashier had to something to make it look like a $100 purchase?

Around here people have to sell them on the black market at a substantial discount in order to receive cash. One guy was buying them to supply his restaurant on the cheap.

Wed, 10/06/2010 - 11:47 | 629302 fuu
fuu's picture

Strangely enough most junk food is covered and most healthy stuff is not. Go figure.

Wed, 10/06/2010 - 12:16 | 629441 FEDbuster
FEDbuster's picture

Industrial Processed Food Complex insures that Twinkies and Ding Dongs can be purchased.  At minimum, the Federal Food Stamp program should limit items available for purchase to the same ones as the Women and Infants (WIC) program. 

A recent "police story" on the local radio recounted how someone "loaned" (sold) their food stamp card to someone else so that person could buy a birthday cake and soda pop for their kids birthday party.  The amount of the payment between the two parties was disputed and it resulted in the two parties getting into a fist fight in front of the grocery store.  Police were called, the card returned and no charges were filled.

Wed, 10/06/2010 - 12:34 | 629531 tmosley
tmosley's picture

You can't use them for hot food, alcohol, or non-food products, and they only work in grocery stores.

My "next door" neighbor is blind, and I took her shopping a few times.

Wed, 10/06/2010 - 13:28 | 629736 Henry Chinaski
Henry Chinaski's picture

One card machine with Credit, debit, EBT buttons. 

EBT = electronic benefits transfer. 

Wed, 10/06/2010 - 13:37 | 629756 Dr. Richard Head
Dr. Richard Head's picture

We must be low on the governmnet totem pole.  We have two machines at most of our grocery stores here.  Good news is the stimulus money has allowed for the removal of all of the concrete from Rt. 2 and made way for all of it to be replaced from Perry to Cleveland.  Dig a hole and fill it baby.  No food stamps there.

Wed, 10/06/2010 - 11:14 | 629191 economessed
economessed's picture

I don't know what a food stamp looks like...

Well, for the second week in a row, I've got a good look at them:  stuck in the line while the shopper completed their 3 payment transaction (ABSOLUTE NIGHTMARE! - 10 minutes).

Transaction #1:  Use WIC check (WI food stamp equivalent) to pay for basic generic staples like milk, fruit loops, hot dog buns, etc.  Cashier having difficulty processing check, calls supervisor, who stares at the screen, presses lots of buttons, asks for ID, presses more buttons, and then leaves.  Cashier remains bewildered, asks neighboring cashier for further instructions.  Finally done!  But wait....

Transaction #2:  Use debit card to pay for Oreo cookies, 4 pack of "gourmet" root beer, Doritos, gallon of ice cream and small pile of miscellaneous processed foods.  Transaction #2 declined for ISF.  Leave gallon of ice cream and 2 jars of Ragu pasta sauce with cashier - reprocess sale - sale completes!  Are we done yet?  No.

Transaction #3:  Pull $20 bill out to pay for 12 pack "Keystone Light" and pack of generic cigarettes.  Cashier grabs and scans wrong cigs, needs to void transaction.  New cigs grabbed, money exchanged, transactions complete.  10 minutes elapsed time.

That's what food stamps look like:  slow, annoying, and patchwork in nature.  And I remain skeptical that this couple needed them.  Having seen people in dire need but without assistance, I get angry.  Humph.

Wed, 10/06/2010 - 11:51 | 629317 DaveyJones
DaveyJones's picture

well at least it's light beer and generic cigs. Wouldn't want to abuse the subsidies.

Wed, 10/06/2010 - 15:08 | 630076 Whats that smell
Whats that smell's picture

Yea I know what you mean. I avoid the first week of the month at the grocery. Plus all the checkout girls are pissed they have to work on the 1st

Wed, 10/06/2010 - 13:48 | 629796 Panafrican Funk...
Panafrican Funktron Robot's picture

Foodstamp cards are regularly sold on the black market for 60-75 cents on the dollar depending on your locality.  The clerks are supposed to check your ID when you use the EBT but it's rarely enforced, you just tell them that you forgot it (if they even ask) and they'll usually run it through anyways.  And in most states they don't have seperate machines for it, you just swipe it like any other debit/credit card.  You learn a lot of interesting things when you're stuck doing a "job Americans just won't do". 

Wed, 10/06/2010 - 10:35 | 629040 Cognitive Dissonance
Cognitive Dissonance's picture

"An average of 43.3 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." 

When you can no longer shield the population from the effects of the government's destructive polices, the end is near.

However, the end game involves a whole new set of calculations and methods and it can play out over a very long time, particularly when the population is already deeply conditioned and propagandized. The party is far from over.

Wed, 10/06/2010 - 10:59 | 629137 Coast Watcher
Coast Watcher's picture

Bread and circuses = food stamps and Dancing With the Stars

Wed, 10/06/2010 - 12:02 | 629338 DaveyJones
DaveyJones's picture

give them seed, show them how to grow food  and make compost / organic fertilizer. Hell, let them use seized / govt property. Healthier people, healthier environment, healthier country - defense for the certain collapse of industrial agriculture and peak oil. Give them work, dignity and skills to survive this catastrophe. The more people making food, the more community cooperation, the less violence. 

Wed, 10/06/2010 - 13:43 | 629772 FubarNation
FubarNation's picture

Are you high? Common tell the truth.

Wed, 10/06/2010 - 17:06 | 630316 DaveyJones
DaveyJones's picture

since you've been to the mountain top, do tell us (and bring back the edible weeds)

but you make a good point, nowhere in history have governments encouraged people to grow their own food in extreme economic times (or wartime)

Wed, 10/06/2010 - 18:42 | 630659 Big Red
Big Red's picture

Are you being sarcastic when you say there has been no encouragement from governments for their peoples to grow their foodstuffs, even in wartime?

I think of Victory Gardens, for example.

(Damn mandatory government-run "education"?)

Wed, 10/06/2010 - 22:54 | 631171 DaveyJones
DaveyJones's picture

Yes

Wed, 10/06/2010 - 13:06 | 629656 francismarion
francismarion's picture

CD

'Whenyou can no longer shield the population from the effects of the government's destructive polices, the end is near."

That is not a bright statement.

Whose shield? People have to be their own guardians. The US is not a day care for adults.

'The end is near,'

You demonstrate no particular rationale for that statement except that it fits into the overall genre of doomster porn.

And you completely vitiate 'the end is near' with your final statement, 'The party is far from over.'

Flaccid.

Wed, 10/06/2010 - 13:51 | 629801 Panafrican Funk...
Panafrican Funktron Robot's picture

Junked for lacking basic reading skills.  I'm suprised you passed the captcha!

Wed, 10/06/2010 - 15:16 | 630103 Cognitive Dissonance
Cognitive Dissonance's picture

I was paraphrasing a well known quote from a well know Nazi. You know, the propaganda guy?

http://en.wikipedia.org/wiki/Joseph_Goebbels

So I was saying the corrupt government needed to shield the people from the effects of the governments corruption and policies or the government loses the support of the deceived public.

But of course you knew all this right? I can tell that you're well read and articulate so you must have understood what I was saying, right?

RIGHT?

 

Wed, 10/06/2010 - 16:06 | 630218 francismarion
francismarion's picture

CD.

What are you doing here? I'm a little shocked and...

Must I say it? Very well.  Ashamed. Humiliated even.

OK, I admit it.

No, I did not get it.

I underestimated you. I was wrong. All I could see was a chance to discomfit and perplex you and win cheap glory at your expense.

I just gave a cursory glance and was eager to draw blood from the great and powerful CD.

Sorry. I am. I'm sorry. I am sorry. Truly.  I am truly truly sorry, CD.

What's that? What are you doing. No, please, no, CD!

Ow! Ya got me. Touche. Argh! Tomorrow I'll be a grave man.

This is blood, not ichor. If you prick me, do I not bleed?

The pain. The pain.

coughwheezecollapse.

Curse you, CD!

May you be opaque and inscrutable always!

I'm not dead yet. Oh, very well.

(exit stage left carried by angels)

 

Wed, 10/06/2010 - 10:38 | 629062 Sudden Debt
Sudden Debt's picture

I think the soup must be very good at these foodkitchens, because why else would the keep on comming back right?

 

I've heard Gordon Ramsy is in charge! Those people are so lucky!

Wed, 10/06/2010 - 11:23 | 629226 CrockettAlmanac.com
CrockettAlmanac.com's picture

Yes, chef!

Wed, 10/06/2010 - 10:39 | 629068 lizzy36
lizzy36's picture

One would speculated that the higher the dow goes, on the back of the many versions of QE that the fed will attempt, the longer the breadlines and their corollory will become. 

One speculates that doing the same thing over and over again and expecting a different result, is in fact not the defination of insanity rather the title of Bernanke's Ph.D thesis.

Wed, 10/06/2010 - 10:45 | 629084 Internet Tough Guy
Internet Tough Guy's picture

If food stamps don't adjust for inflation people are getting less and less. Recipe for disaster.

Wed, 10/06/2010 - 10:48 | 629095 Cognitive Dissonance
Cognitive Dissonance's picture

Didn't you hear? According to the SS Administration, there was no inflation this year. Thus no benefit increase next year for those on Social Security.

Oh well, there's always the year after.

Wed, 10/06/2010 - 10:48 | 629099 NOTW777
NOTW777's picture

heres your obama nation

Wed, 10/06/2010 - 10:56 | 629131 NOTW777
NOTW777's picture

cnbc - send us your food stamp stories.

 

i was starving and uncle obama gave me stamps to buy bread;  i was able to make my trip to vegas and pick up an extra ipad

Wed, 10/06/2010 - 10:53 | 629111 TraderMark
TraderMark's picture

Goldman's Jan says U.S. economy has one of two paths in next 6 to 9 months

(A) Bad

(B) Very Bad

Therefore we must buy stocks

Goldman Sachs Says 2 Scenarios for U.S. Economy in...

 

Wed, 10/06/2010 - 12:27 | 629503 Ripped Chunk
Ripped Chunk's picture

Therefore we must buy water stores, canned goods, farm implements, seed, guns, ammo............. 

Wed, 10/06/2010 - 10:54 | 629117 Thunder Dome
Thunder Dome's picture

Foodstamps don't matter.

Wed, 10/06/2010 - 10:54 | 629122 TraderMark
TraderMark's picture

Can one open an Etrade account with Food stamps debit card?  If so there is no excuse for these people.  Lay off the chips and go buy Netflix ... the wealth effect will soon come to you too!  We are all winners in the new paradigm economy.

 

Wed, 10/06/2010 - 10:58 | 629135 TraderMark
TraderMark's picture

Look its going to be like any 3rd world economy.  The rich elite will have all the assets, and sort of like feudalism will let the lower castes have some government transfers so they dont revolt.  For all those who ask "how can this keep going?" its been playing out for 2 decades, just hidden via NASDAQ in late 90s and houses in 00s.  Now that those people have been raped of their money, and their jobs - they are going to their rightful place.  We'll give them some food stamps, some NFL, some Dancing with the Starts and for the upper 0.5% its time to shop for the new yacht.

Wed, 10/06/2010 - 11:01 | 629145 nedwardkelly
nedwardkelly's picture

I love how the name was changed to the "Supplemental Nutrition Assistance Program" partly because of the negative stigma associated with "food stamps". Argument being that some people may not make use of the program because they're too ashamed to be on food stamps.

Um..... Shouldn't there BE some shame in being on welfare? Isn't the shame of welfare one of the motivators to get OFF welfare?

Wed, 10/06/2010 - 11:50 | 629316 fuu
fuu's picture

I dunno, go ask a banker.

Wed, 10/06/2010 - 11:01 | 629147 Id fight Gandhi
Id fight Gandhi's picture

I know a lot you joke but I know what it's like to go hungry and homeless. In my 20s, living out of a pos car, crashing at friend houses or any relative I could think of. Telling stories, making excuses to everyone to cover things up.

Wed, 10/06/2010 - 11:27 | 629237 CrockettAlmanac.com
CrockettAlmanac.com's picture

There's no shame in having a run of bad luck. As long as you're looking for work and pitching in to maintain the household where you crash there's no need to make excuses.

Wed, 10/06/2010 - 13:18 | 629701 Id fight Gandhi
Id fight Gandhi's picture

It's not something I talk about. People think, drunk, addict, etc. I wasnt. Came from middle class family and all. I learned trades, worked with my hands and back.

I feel for these people. Nobody should go hungry. I know we bitch about welfare and handouts but what are the big guys getting? Bailouts, QE, IMO that costs more and does more damage.

Wed, 10/06/2010 - 13:39 | 629763 E pluribus unum
E pluribus unum's picture

But the whole system is designed to make sure we point our fingers at the poor schmuck who gets $400 in food stamps while the banksters rape the government for trillions. Get with the program. Banks are "good" for you; those nasty little creatures who haven't had a job in 99 weeks are "parasites".

Wed, 10/06/2010 - 14:03 | 629839 ATTILA THE WIMP
ATTILA THE WIMP's picture

Yup! Exactly.

Wed, 10/06/2010 - 16:43 | 630367 DaveyJones
DaveyJones's picture

also helps the CEO of wallmart. I'd say his workers, but they make $9 an hour and use other forms of public assistance

Wed, 10/06/2010 - 18:49 | 630674 Big Red
Big Red's picture

Yes, Charlie Munger had it right, eh?

Wed, 10/06/2010 - 12:43 | 629575 tmosley
tmosley's picture

Now, think what life would be like if the Federal government didn't spend 40% of our official GDP, and inflate the official GDP numbers by tens of percent.  In 1900, they spent only 2%, and somehow managed to avoid falling into the ocean, and avoided invasion by Vikings, or whatever this bloated beast we call a government is supposed to be protecting us from.

By reverting to 1900 levels, you would effect a 50% increase in pay for EVERYONE.  Much of that money then goes towards increased production, which requires more workers, meaning you would have had a much easier time finding a job, and would have more purchasing power when you found one.

Wed, 10/06/2010 - 12:50 | 629598 Mariposa de Oro
Mariposa de Oro's picture

I had that attention focusing experience back in '82.  I joined the Army to get out of the car.  Basic training was actually an improvement, if you can believe that!  The Army was one of the best things that happened to me.

Wed, 10/06/2010 - 13:19 | 629706 francismarion
francismarion's picture

Lived a good part of my twenties that way. Didn't know it was something to be ashamed of.  Still don't. Just a lifestyle choice. If you are sensitive about it why not jazz up you ride with some (removable) signs advertising items or services for sale? Do you sell taxi service? You are lucky to have friends and relatives that care.

Spend your days productively. Avoid inactivity. Seek exhaustion. Find a place where people have a garden and would invite a little 'free' labor. Find a way (ie fast food restaurant bathrooms) to stay clean and fresh and keep looking for a 'real' job.

It's not a joke if you feel you can't do better.

Wed, 10/06/2010 - 19:27 | 630736 StychoKiller
StychoKiller's picture

It's not a joke if you feel you can't do better.

Poor is a state of mind.

Wed, 10/06/2010 - 11:05 | 629166 cxl9
cxl9's picture

Step 1: Make everyone perpetually dependent on government for their daily existence.

Step 2: Reap the lucrative rewards of an enslaved citizenry.

Everything seems to be proceeding according to plan.

 

Wed, 10/06/2010 - 11:07 | 629176 MacedonianGlory
MacedonianGlory's picture

Welcome Socialism!

Wed, 10/06/2010 - 11:08 | 629177 Prof Quagmire
Prof Quagmire's picture

 

  The amounts per month must be in the billions.  This is an alternate currency printed by the Dept of Agriculture.  How does this show on the Fed's books?  Or does it?  It's another printing press.  Perhaps this is "liquidity" for the lower classes.

Wed, 10/06/2010 - 11:36 | 629270 CrockettAlmanac.com
CrockettAlmanac.com's picture

Off the top of my head, I'd say it's in the Dept. of Ag budget. For more info there's always wiki.

Wed, 10/06/2010 - 13:21 | 629717 francismarion
francismarion's picture

Crockett

You answer so many posts off the top of your head it must look like an aircraft carrier. But that's at least way better than mine- Eiffel tower.

Wed, 10/06/2010 - 15:08 | 630075 CrockettAlmanac.com
CrockettAlmanac.com's picture

the top of your head it must look like an aircraft carrier.

 

Are those coarse hairs or Corsairs departing my scalp?

Wed, 10/06/2010 - 15:14 | 630088 francismarion
francismarion's picture

har har

Wed, 10/06/2010 - 11:12 | 629185 Clint Liquor
Clint Liquor's picture

This is the modern version of the Soup Kitchen:

“I don't need to tell you that our customer remains challenged…You need not go farther than one of our stores on midnight at the end of the month. And it's real interesting to watch, about 11 p.m. customers start to come in and shop, fill their grocery basket with basic items – baby formula, milk, bread, eggs – and continue to shop and mill about the store until midnight when government electronic benefits cards get activated, and then the checkout starts and occurs. And our sales for those first few hours on the first of the month are substantially and significantly higher.”

                                                                                                                                                                                                                         Mike Duke, CEO of Wal-Mart

Wed, 10/06/2010 - 11:17 | 629200 taint
taint's picture

how do you get food stamps....my wine budget is over the top...

Wed, 10/06/2010 - 16:55 | 630426 Cruel Aid
Cruel Aid's picture

You will have to find a buyer and settle for cash.

Wed, 10/06/2010 - 11:20 | 629210 Charles Sumner ...
Charles Sumner Hamlin's picture

Imagine if a European country had 10% of the population on foodstamps. There would be riots and the discussion would be if we are in a recession or a depression, no recovery talk.

Wed, 10/06/2010 - 12:46 | 629585 tmosley
tmosley's picture

You sure?  I thought everyone in Europe got food assistance.

Wed, 10/06/2010 - 13:36 | 629754 francismarion
francismarion's picture

Charles Sumner

The scleroto-socialistic Europeans are sucking wind as we speak. The Germans and Dutch had better get away while the getting's good.

They are having mass demonstrations with a little rioting on the side on a regular basis over there.

Doesn't the fact that we are feeding our people count for anything?

Oh, I forgot, it's a banker conspiracy to keep people inactive, entertained  and well fed. Some plot.

With you cry-me-a-river types we're damned if we do and damned if we don't.

Are you gonna stop that whining or does Mr. Brooks of South Carolina have to whip you on the Senate floor in front of the whole world again?

At least today we can get some good video. I've got beer and chips. Might make a night of it.

Wed, 10/06/2010 - 15:36 | 630154 SamuelMaverick
SamuelMaverick's picture

Wow, you need a clue. The amount of public assistance in Europe is staggering. Yours, Maverick

Wed, 10/06/2010 - 11:20 | 629217 Prof Quagmire
Prof Quagmire's picture

 

  Projected "cost" of food stamps in 2010: $72 billion.  Keeping the rabble from growing too surly and destructive:  priceless.  In my state 16% of the total population is receiving this form of assistance.

Wed, 10/06/2010 - 14:05 | 629844 kaiserhoff
kaiserhoff's picture

Closing in on a tipping point, you think?

One of the lesser known causes of WWII was the turnip winter.  The children were not literally starving, but feed your family nothing but turnips and an occasional onion through a long, nasty European winter, and see how mean you get.  We live in interesting times.

Wed, 10/06/2010 - 16:47 | 630390 DaveyJones
DaveyJones's picture

food gets behind a lot of riots in history. Gee I wonder why

Wed, 10/06/2010 - 12:46 | 629588 GetReal
GetReal's picture
The ANTAND THE GRASSHOPPER 

This one is a little different ...
 Two Different Versions .... 
Two Different Morals

OLD VERSION 

The ant works
hard in the withering heat all summer long, building his house and laying up supplies for the winter. 

The grasshopper
thinks the ant is a fool and laughs and dances and plays the summer away. 

Come winter, the ant is warm
and well fed. 

The grasshopper has no food or shelter, so he dies out in the cold.

MORAL OF THE OLD STORY:

Be responsible for yourself!
 
 

MODERN
 VERSION

The 
ant works hard in the withering heat and the rain all summer long, building his house and laying up supplies for the winter. 

The grasshopper thinks the ant
is a fool and laughs and dances and plays the summer away. 

Come winter, the shivering grasshopper
calls a press conference and demands to know why the ant should be
allowed to be warm and well fed while he is cold and starving. 

CBS, NBC , PBS, CNN,
 and ABC show up to
provide pictures of the shivering 
grasshopper
next to a video of the ant
in his comfortable home with a table filled with food.

America is stunned by the sharp contrast. 

How can this be, that in a country of such wealth, this poor 
grasshopper
is allowed to suffer so? 

Kermit the Frog
 appears on Oprah with the grasshopper
and everybody cries when they sing, 'It's Not Easy Being Green...'

ACORN
 stages a demonstration in front of the ant's
house where the news stations film the group singing, “We shall overcome.”

Then 
Rev. Jeremiah Wright 
has the group kneel down to pray for the
 grasshopper's sake. 

President Obama
 condems the ant and blames 

President Bush, President Reagan, Christopher Columbus, and the
 Pope 
for the 
grasshopper's plight. 

Nancy Pelosi & Harry Reid
 exclaim in an interview with Larry
King
 that the ant has gotten rich off the back of the grasshopper,
and both call for an immediate tax hike on the ant to make him pay his fair share. 

Finally, the EEOC drafts the Economic Equity &
Anti-Grasshopper Act
 retroactive to the beginning of the summer. 

The ant is fined for failing to hire a proportionate number 
of 
green bugs and, having  nothing left to  pay his retroactive taxes, his home is confiscated by the Government Green Czarand given  to the grasshopper.

The story ends as we see the 
grasshopper
and his free-loading  friends finishing up the last bits of the ant’s food while the government house he is  in, which, as you recall, just happens to be the ant's old house, crumbles around them because the grasshopper doesn't  maintain it. 

The ant has disappeared in the snow, never to be seen again.

The grasshopper is found  dead in a drug related incident, and the house, now abandoned, is taken over  by a gang of spiders who terrorize the ramshackle, once prosperous  and peaceful, neighborhood. 

The entire Nation collapses bringing the rest 
of the free world with it. 

Wed, 10/06/2010 - 12:51 | 629604 Clint Liquor
Clint Liquor's picture

The 'Food Stamp' is out-dated. Recipients are issued an electronic benefit card. Funds are transferred to the card at midnight on the first day of the month. The LA Times recently reported the cards are being used on Cruise Ships, foreign Resorts, Casinos, etc.

President Obama recently said 'I have never met anyone who would rather have a handout, than a job'.

WFT?

 

Wed, 10/06/2010 - 16:24 | 630290 Buckaroo Banzai
Buckaroo Banzai's picture

But as we KNOW, Obama is a lying sack of shit.

Wed, 10/06/2010 - 14:39 | 629676 benb
benb's picture

How much higher will this trend continue to go and how fast will the numbers rise? (Assuming no turnaround)

I’m also curious as to what percentage of these recipients are illegals?

And what would be the breaking point... 50% 65% 80% recipients?

As of  September over 51% of US population receives a government check through employment, payouts, or assistance of some kind. This level of dependency as far as I know is pretty much unprecedented.

 

Wed, 10/06/2010 - 13:49 | 629789 francismarion
francismarion's picture

As far as I know, being morbidly obese and relying on the government to supply an endless supply of sweets and soda qualifies the sufferer to apply for Social Security Disability. The victim should also be receiving Medicaid to allow him/her to receive an endless supply of tranquilizers and sedatives to smooth the way through the aisles of the local grocery store snack section.

I smell a class-action lawsuit on behalf of these only-able-to-totter-through-the-candy-store-door-with-wheezing-and-great-effort-and-mortification discriminated-against beings for not receiving enough of everything in big enough and fast enough quantities. Did they not specifically request the jumbo size of everything with triple chocolate? What's wrong with you hate-mongers!

More of everything, now! Isn't it enough that they only have one mouth to feed that gargantuan gullet! You like your booze and ciggies and yet you dislike having to feed these sufferers with food stamps so that they can use their cash for their booze and ciggies and crack. Hypocrites!

You should be fasting and looking for a second- well, third, job, then! Now!!!

Wed, 10/06/2010 - 13:48 | 629792 TheKinski
TheKinski's picture

Your tax dollars at work:

Last night at the local Target, while purchasing diapers and formula for my twin girls, I was fortunate enough to be behind a couple at checkout that purchased the following on their EBT card:

3 boxes Velveeta Shells and Cheese.

1 Milky Way Candy Bar.

 

To add insult to injury, these upstanding citizens also must have had "Cash Assistance" as they also purchased the following:

1 Sims Collection PC game for $59.64

 

Awesome.  Not only do I have to feed the "useless eaters", now I get to pay for their entertainment. 

Wed, 10/06/2010 - 14:03 | 629838 Panafrican Funk...
Panafrican Funktron Robot's picture

People respond to incentives.  Ponder that for a while in relation to your anecdote.

Wed, 10/06/2010 - 14:28 | 629913 francismarion
francismarion's picture

Respond to this:

Why won't Medicaid pay to have the sufferers of Chronic Gluttony Syndrome receive a surgically implanted second mouth? Why do people hate those with ravenous appetites? They love their sex symbols, oh, yes. Their Marilyn Monroes and their Angelena Jolies.

And they admire their proud boastful leaders, they even enable their aberrant behavior, to say nothing of the greedy, how they emulate their wealthy.

I think the normally appetited should stop being jealous of the capacity for gorging of those who are abnormally hungry. Is a second mouth so bad? It would be under the clothing of the recipient, and as long as they didn't have the bad manners to feed it in a restaurant why not?

I vote for the surgical emendation of all needy gullets. A second mouth is a right under the penumbra of the constitution.

Wed, 10/06/2010 - 15:10 | 630082 playitcool
playitcool's picture

We enjoy life, as should everyone else. So we'll tax ourselves to provide for other people so they can enjoy life, until we no longer have anything to tax, in which case we'll simply tax the people we provided for.

Wed, 10/06/2010 - 16:44 | 630370 FEDbuster
FEDbuster's picture

"Tax the rich, feed the poor.  Till there are no rich no more."  Ten Years After

Who knew a song could become an agenda for a Presidential Administration?

Wed, 10/06/2010 - 16:54 | 630420 hp capital
hp capital's picture

Who's gaming the system better for the taxes being collected?

43 million poverty stricken folks getting an average of 133 dollars per month for SNAP or the senators and congress people taking low six figure salaries, tons of perks and lifetime health, pension and social security access.

Just because some leeches wear suits and skirts (Congress) doesn't mean that they are any less taxing on the tax base. 

 

http://en.wikipedia.org/wiki/United_States_House_of_Representatives

http://en.wikipedia.org/wiki/2010_United_States_federal_budget 

Wed, 10/06/2010 - 17:03 | 630448 Quantum Nucleonics
Quantum Nucleonics's picture

Shouldn't Wal-Mart at this point be required to disclose in its 10Q filings that its largest customer is the federal government via food stamps.

Wed, 10/06/2010 - 17:08 | 630457 rosebud
rosebud's picture

give me your list and I'll be right back with your stuff, you got the cash right?

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