Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release

Tyler Durden's picture

While there had been speculation that the BLS may delay the release of its October nonfarm payroll number until after the election, it turned out there was no reason to worry. Perhaps this is because the number, while at stall speed, was not quite as horrible as some had expected (even if the change in average hourly earnings did tumble to new all time lows) and so boosted Obama's reelection chances. There was, however, another closely tracked number which perhaps is far more indicative of the economic "growth" in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the first day or two of the next month. This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data. One glance at the number reveals why: at 47.1 million, this was not only a new all time record, but the monthly increase of 420,947 from July was the biggest monthly increase in one year. One can see why a reported surge in foodstamps ahead of the elections is something the USDA, and the administration may not have been too keen on disclosing.

Foodstamps at the household level also rose to a record 22.685 million:

Finally, going back to the start of the official start of the depression in December 2007. In the 57 months from then until August 2012, there have been 4.6 million jobs lost even as Americans on foodstamps and disability have risen by 21.2 million.

And the same shown on a monthly basis:

Delay explained.

Source: USDA and SSA

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Hulk's picture

Timing that move is a real bitch...

Urban Redneck's picture

Reminder: the current super blowout deal of ass raping taxation on realizing income and capital gains expires December 31...

JPM Hater001's picture

Bingo. I know what taxes are this year...lord knows what they try next year.

Tom Servo's picture

Unwound every position in my IRA on 11/2, should be settled now and available for withdrawl on monday.  Fidelity will likely make me talk to a person and beg me not to liquidate it.  Maybe if i'm lucky I can sell them that I was disabled in a boating accident, where incidentally, i lost my guns and physical silver... That was a sad day....

Can't flush the 401k till i get fired..

DaveyJones's picture

I'll loan you a neck brace

goat's picture

Tom...you can avoid talking to a human critter at fidelity if you take everything out except $5.00 +/-.  I had the same dilemna with them, and it worked for me.  Of course, now they have a $5 account they want to charge maintenance fees on, but fuck em.

dolly madison's picture

I already cashed in all our 401ks  and IRAs in 2005, and bought a home and a business outright with them.  Before that the banks were keeping me from making any money with all that interest they were charging me.  Best move I ever made.

infinity8's picture

Man, I'm with you there and hoping we're right. I certainly don't want to be on IRS radar but I'm gambling it'll be a minute before they can (ever) catch up.

max2205's picture

What's the deal with benefits per hsehold going down

Ben runnning out of poor people money

adr's picture

More single people filing for benefits. I think a single person with no dependents gets $250.

I know the welfare family living across the street gets $750 with the 6 kids.

dolly madison's picture

Probably also has something to do with all those part time jobs we have now too.

GetZeeGold's picture

 

 

A little thing we like to call dodging Obamacare.....it's all the rage these dayx.

 

vulcanraven's picture

Print back and forth.... FOREVER

 

))<>((

SgtSchultz's picture

Where do I go to get my Obamaphone so that I can make an Obamcare appointment and get some Obamafood?

machineh's picture

First you gotta be able to CHARGE you Obamaphone.

In the spiritual home of sheepleism -- Long Island -- KongressKlowns beg for help from the big bad Fedgov, since the state-owned power company (which looted and took over Lilco) can't turn the lights on:

Two congressmen from Long Island are asking the White House to send federal employees to Long Island to take the lead role in restoring power to a region where tens of thousands of people remain in the dark 12 days after Superstorm Sandy.

 

U.S. Reps. Peter King and Steve Israel said they were sending a letter Friday requesting that personnel from the Army Corps of Engineers and Energy Department assume work of the Long Island Power Authority, whose work after the storm the congressmen called "abysmal." They echoed the criticism expressed earlier by Gov. Andrew Cuomo.

 

"When the lights went off in Baghdad and the lights went off in Kabul, it was the Army Corps of Engineers that went into Baghdad and Kabul to turn the lights back on," said Israel, a Democrat. "We don't need to turn the lights back on in Kabul and Baghdad. We need to turn the lights back on in Plainview and Great Neck and the south shore."

 

http://www.nbcnewyork.com/news/local/Sandy-LIPA-Outages-Power-Long-Island-Defense-Military-178115341.html

Yeah, our hearts bleed for these 'underfunded' Big Gov thumbsuckers from two of the highest-taxed counties in the country.

 

Disenchanted's picture

 

 

"When the lights went off in Baghdad and the lights went off in Kabul, it was the Army Corps of Engineers that went into Baghdad and Kabul to turn the lights back on," said Israel, a Democrat. "We don't need to turn the lights back on in Kabul and Baghdad. We need to turn the lights back on in Plainview and Great Neck and the south shore."

 

Tell those two fuckwit congressmen to get on the horn to AIPAC and Israel(the country), I'm sure they'd be glad to help out some old friends with some of the US taxpayer $$ the former have helped redirect to the latter.

TWSceptic's picture

Yes forward, to the cliff...

Boeing Boy's picture

Welcome to socialism, or did I mean to say social democracy..

a growing concern's picture

Keep Obama in President!

DeadFred's picture

He's the best Kenyan to ever hold the office!

CrockettAlmanac.com's picture

Turns out that Barack Obama and Mitt Romney were both born in Kenya. And there's not a dime's worth of difference between them.

 

A young Kenyan mother has named her newborn twin sons after the U.S. president-elect and his defeated Republican challenger.

Millicent Owuor, 20, gave birth to Barack Obama and Mitt Romney on Wednesday at the Siaya District Hospital in southwest Kenya, according to the Standard

Owuor told the Kenyan news outlet her sons’ names will always remind her of the election in the United States.

See: http://news.yahoo.com/blogs/sideshow/kenyan-mother-names-twins-barack-obama-mitt-romney-132344622.html

knukles's picture

(speechless.................. hands pausing above keyboard.... no thoughts.... emptiness....    must have something to do with the Reptilian Annauki asexual practices in the Congo some years ago...  Mad Mike Hoare missed an opportunity...)

akak's picture

 

Owuor told the Kenyan news outlet her sons’ names will always remind her of the election in the United States

No insult to your sons, Mrs. Owuor, but our exploding national debt and the coming collapse of the US dollar will be sufficient reminders of that (so-called) election for most Americans in the years to come.

Flakmeister's picture


Panem et Circenses!

All Out Of Bubblegum's picture

The American economy is now backed by the full faith and credit of the USDA.

Pool Shark's picture

 

Exactly.

FOODSTAMPS: The original Reinvestment & Recovery Act...

 

So great a cloud's picture

Why grow a garden when your great Uncle Sam's is always in season?

Lednbrass's picture

This pisses me off to no end- I put alot of time and effort into growing a wide range of stuff for the family to get by yet none of the slugs I see in the grocery stores with their EBT cards can be bothered to do so.

I am seriously contemplating just dropping my income and signing up for everything I can in a small effort to help precipitate collapse.  I have had it with busting ass just to feed my own family only to be fed on by others.

LawsofPhysics's picture

Relax, that which cannot be sustained, won't be.  Just don't be anywhere near a major city when these useless eaters realize the EBT cards aren't working anymore.  Humans think they are so clever with their "human" constructs.  Nature and the laws of physics really don't give a shit.  The planet will be fine, the people, not so much.

Water Is Wet's picture

"that which cannot be sustained, won't be"

A truism.  If that which can't be sustained, won't, yet this trend has been and continues to be sustained, then maybe it is sustainable.  Productive people bitch in the void of cyberspace, and the "useless eaters" continue uselessly eating.  If not now, when?

JPM Hater001's picture

In no uncertain terms let me lay this out.

We're screwed.

LawsofPhysics's picture

It's a complex system, this planet called earth.  If I could make such predictions, I certainly would be a bit better off and perhaps not wasting time here.  However, to pretend that somehow growth can continue in the fashion that it has forever is simply beyond stupid.  Hedge accordingly (It's all you can do anway).  I suspect that the people on Easter Island that learned how to become long distance sailors and built the vessels to do so, might have been a bit better off, don't you?

Harbanger's picture

"I suspect that the people on Easter Island that learned how to become long distance sailors and built the vessels to do so, .."

The first people that got there must have known how to travel long distances, the other generations must have forgotten how.  There must have also been a critical point where there was not enough wood to build a large vessel even if they knew how.

LawsofPhysics's picture

Either way, those with the boats, and the means to defend them probably did just fine.  I would also speculate that they probably left well ahead of that critical point.  They may have left some "capable leaders" behind to convince the public at large that everything was just fine.

All is well, remain calm, etc. etc. etc.

 

Lednbrass's picture

I know this, but it is still aggravating. I purposely relocated to a very rural area of the South in anticipation of this, but going to town to shop now and again manages to get under my skin every time.

 

FeralSerf's picture

If all the useless eaters are eliminated, there's going to be a lot of useless farmers.

The useless eaters are just livestock owned by the elites.  There wouldn't be enough demand for iphones without them and someone's portfolio value would decrease.

DeadFred's picture

No need to do so.  Plenty of other will do it for you and you can still have your integrity when the end game starts. Be patient, sometimes inevitable takes longer than it seems it should.

Republicae's picture

Can you only imagine what would happen is every Tax Producer in this country, employed under W-4 Agreements, would terminate those W-4 agreements with their employers. Sec. 31.3402(p)-1 Voluntary withholding agreements in the IRS code clearly states that is within the rights of the taxpayer to terminate his W-4 withholding agreement. It would then be the responsibility of the IRS to both calculate and collect those taxes directly from the tax-payer, not an easy task, in fact, it would gum up the system to badly that it would probably get the notice of Congress.

Upon termination, your employer would no longer be responsible for withholding any of your taxes, reporting those taxes or your wages to the IRS. So, why do we continue to comply with a voluntary system of withholding? It is easy, but for whom? It is easy on the IRS. Why not use the forms of our government against those who seek to lord over us, use the system of forms to throw monkey-wrench after monkey-wrench into the system, make it difficult for this government to function through using perfectly legal forms to change the way this government must operate? At the very least, even if a few hundred thousand people terminated their W-4 agreements within a month, the act would not go unnoticed, but imagine if a million or two million or ten million taxpayers suddenly terminated their W-4s.

adr's picture

But the IRS can levy a witholding penalty against you which can add up to over $1000. I almost got into trouble a couple times. I make sure to claim every deduction I can so as little as possible is witheld. Sure I don't get a tax refund, but the IRS was never entitled to the money in the first place.

Shigure's picture

Lednbrass, don't get pissed off about the people with EBT cards; instead be grateful that you have the initiative and the physical and intellectual abilities to grow a wide range of foodstuffs for your family. Each year you build on your skills, knowledge and experience, your family is healthier, you are more self-reliant - my hat off to you!

Be proud of your efforts and lead by example, maybe you will inspire others to try for themselves.

 

Cathartes Aura's picture

or petulantly stomp the plants, turn over the soil, spray some Roundup on it so that it's poisoned long-term, go out and get yer JPMSnap card, and feed your kids supermarket fud on a few dollars a day.

that'll show those damn benefits scroungers!!!