Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months

Tyler Durden's picture

And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August's 421K new impoverished America, over 1 million Americans made the EBT card their new best friend. It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia. Instead what we do know is that in August and September, over three times as many foodstamp recipients were add to the economy as jobs (324,000). We also know that with the imminent impact of Sandy, which will send foodstamp recipients soaring, it is now looking quite possible that the US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working. Welcome to the recovery indeed.

Individual Americans on foodstamps:

Foodstamps at the household level rose to a record 24 million:

Aggregating foodstamp, disability and nonfarm payrolls data shows that since the start of the Depression in December 2007, 21.8 million Americans have shifted more or less permanently to the entitlement line, even as the US still has to generate 4.4 million jobs just to break even.

And the same shown on a monthly basis:

Source: SNAP

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mayhem_korner's picture

 

 

How can you be sure if someone is or isn't quoying the Bible - including yourself - if you don't know what's in it?

pursueliberty's picture

He was messing with the jews money, he must be crucified.

mumcard's picture

Only if I can take your one real fish and then give out 9 paper fish at interest.

GMadScientist's picture

The fishmonger is not amused.

Disenchanted's picture

 

 

 

 

Did Jesus just rehypothecate the loaves and fishes(someone elses property) for the masses? Damn, I guess he really was a Jew, a populist, and a Communist all in one.

 

Now I'll be bathed in the blood(red down arrows) of the lamb... ;p

jumbo maverick's picture

So what the story means is that the muslum prince is Jesus and by handing out food stamps to everyone then he can feed them all. What if some don't like fish and bread can't they get sompin else?
Brondo gots electrolytes.

Harbanger's picture

"The system must be flawed (obviously).  A system in harmony with the creation of the earth has enough and more for all."

So what's the name of your harmonious Utopian system which has enough and more for all?  Nice spin on a bible story.  Ever is the struggle by "some" for the promised garden of eden.

dolly madison's picture

That was the quote I intended to comment on as well.  I am not a believer, so the rest of the comment was not relevant to me.   Yeah the system is definitely flawed.  The changes we need to correct the flaws will not come without revolution though.  TPYB do everything to keep that money in motion, and debt slavery continuing rather than promoting what would be good for the people, more independence.

jal's picture

don't forget to add all those students going to school and getting loans from the gov.

Freddie's picture

It is falling apart so fast under the kenyan.  I have seen people and families failing and falling that I never expected to crash in burn in my wildest dreams.

Kobe Beef's picture

Looks like Cloward-Piven really has it going on now. It's only a matter of time 'til the ponzi shatters.

I'm going to go read the 'Iceland Success Story' post now. Maybe it'll show how a real nation handles its business.

Fuck the USSA. Fuck the Fed. Free Texas!

Jeep In Mud's picture

You can count on me as being the 1 in 6.  Guess I am at poverty line.  My $200 in EBT food taste as good as the people using their EBT...er Credit Cards.

The other benefit for my EBT card in my state is I don't have to get a fishing license.  My EBT card qualifies.  Now I already got my 99 weeks of unemployment.  And I technically could feed myself, but why bother.  I'm personally afraid if I take too many entitlements, I won't be able to come back off the teet.  So just EBT.  I'm not disabled or anything, just don't want to work.

Also, what is the difference between the government paying me to do nothing, and the government paying someone to do something?  Either way is a drain on the taxpayers.  I don't lie to myself and "feel" I am helping people with my plush .gov job.

We need everyone on the .gov teet.  Then this shit can start to get fixed from the ashes.

AmCockerSpaniel's picture

This can not be right because, new car sales are still climbing.

max2205's picture

And there's that 1 million votes the black prezz needed to win

Well played sir.....

vast-dom's picture

ODB in his chauffeured Bentley drove up to the gov office and took some chedder cheese and foodstamps back in the day as filmed on MTV! Big Baby Jesus was always ahead of his time!

 

how the fuck does anyone eat on $134.29 per month????? that's not even enough for wonder bread fattening up bread and peanut butter!!!!! scary shit!

 

I need to get me one of them EBT cards, but strictly for tips at the strip club yo!

Ginsengbull's picture

My rap name was Vanilla Lightning.

vast-dom's picture

and you managed to secure a Zero Record deal...

Money Squid's picture

ODB fo da wiiiiiiin

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

 

That guy always made me laugh.

vast-dom's picture

Thx $quid for that blast from the past! Dirt McDirt!

Mentaliusanything's picture

Micy dees...... not only does it expand yo ass, it makes a EBT card go with it:

GMadScientist's picture

You use the EBT card to buy things, not collect tips.

dolly madison's picture

My family eats on $600/month for 5 of us, and I live in a small town with no big box stores or double coupons.  How I do it is to cook everything from scratch.  Cheap white bread might be the cheapest ready-made food around, but bread is pennies when you make it from flour.

IamtheREALmario's picture

"In the Summer time ... If your daddy's rich then do what you feel ... come along, come along". I think part of the issue facing the controllers of this planet is that there are too many useless elitists (or people who think they are elites because they have been given fiat). Maybe just a clue for them, it looks as if they are the ones who will suffer the greatest betrayal by their lying masters. What exactly are they without "fiat" to protect them?

As they say ... "A cave is a grave". Lol ... what's on the menu?

Zap Powerz's picture

ACP:

Praise Mother Nature! Allejua!

AU5K's picture

A food stamp bubble and an obesity bubble at the same time... 

 

Something has to give !

derek_vineyard's picture

driving their SUV, parking in handicap due to obesity, getting on their electric shopping cart paid by medicaid , loading up on garbage foods via their food stamp debit card and then farting as they pass by me

Mentaliusanything's picture

Eugenics at work as it was intended. Working hard to kill the Lard

Acet's picture

Yeah well, when the collapse hits, those fatties will last longer thanks to their carefully accumulated body energy reserves.

Unless we get a zombie apocalypse, in which case the fatties will die first, 'cause they can't run faster than the zombies.

 

Ace Ventura's picture

Rule #1 in Zombieland: CARDIO

AGuy's picture

"Put another 2 or 3 million there and there you have Obama giving orders to Bernanke to stop printing electrons."

No, all those recipients now dependant on the Gov't will go on supporting socialists, including Obama. The Number of participates in Wealthfare is a sign of success. The game is to get as many people on Wealthfare because it increases the number of voters willing to support them.

Obama wants to get rid of the debt ceiling. This is so he can go on spending, and to increase the Wealthfare budget for his supporters. Tax increases those on the working class (aka the Fiscal Cliff) will increase the number of people on Wealthfare, as jobs disappear and the only hope for the jobless, are gov't checks.

 

 

 

jal's picture

I think that the gov. should make some senior housing that is free for the poor.

Just think of all the cah flow that the rich gannies will get from their investments.

 

SAVE THE RICH.

LET THE POOR EAT CAKE.

j0nx's picture

Trillions to banks/bankers and $134 a month to the poor so that they can live off food that is cheap and terrible for their bodies. Win win imo...

WhyDoesItHurtWhen iPee's picture

....... food that is cheap and terrible for their bodies............"

That is also subsidized by tax payers aka "Farm Bill" and other Big gov give aways "tax breaks".

TraderTimm's picture

Here's some charts and things constructed with data right off the good 'ol SNAP website via an analyst friend:

https://docs.google.com/folder/d/0B-pimih9wLoxYWR2X0dhdDVDc3M/edit?pli=1

Original data and resulting graphs. Fun points - We're at 500% Food CPI since 1970, and close to 2,000% increase in food stamp usage per person.

Enjoy.

j0nx's picture

500% since 1970 my ass. 200% alone in the past 3 years.

quasimodo's picture

meh.........next!

Jacque Itch's picture

As planned.  Nice work comrades.

LongSoupLine's picture

yep otto, and JPM especially...

 

Let's give Jamie Dimon and crew a big hand for now managing 50 million serfs under SNAP.

 

Fuck you JPM.  I'm buying more physical silver in celebration of personally pushing those fuckers (yes you Blythe, you whore) under the bus.

granderojo's picture

Sometimes I wonder how many people are qualified for foodstamps vs how many actually take them.

mayhem_korner's picture

 

 

The important number is how much of your grandkids future earnings are being confiscated to pay for the program.

tickhound's picture

Yeah, but the really, REALLY important number is......

The .5billion and climbing $ that JPMORGAN books from this program.

The more card users, the bigger the profit for THE media darling and financial "genius", Jamie Dimon.

THIS is the social "contract" that is being honored.

GMadScientist's picture

Ding ding ding! Winner!

Follow the fucking money. Hint: it doesn't stay in the ghetto.

Anusocracy's picture

The grandkids that have an ever decreasing chance of future earnings.

Those grandkids?

goldfish1's picture

I think most qualify even though some cheat.