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Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT
Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.
In December an additional 109,924 Americans became reliant on foodstamps for their poverty-level needs, bringing the total to 47.8 million.
Number of US households on foodstamps: also a record of 23.1 million, with the average monthly benefit of $277.09.
And as a percentage of the total civilian non-institutional population.
Record wealth effect for the 1%, foodstamps for the poorest 20%, and a middle class on the verge of extinction. How is this possible and what happens next? Read Dylan Grice's piece posted earlier for all the answers.
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Impeach Obama Now!
"I mean if they really want a recovery they just need to have the Treasury send everyone $75,000 a year in salary for being a citizen. I mean, the banks get free jizz and they aren't even human beings (oh wait, the Supine Court says they are "individuals")."
Bettter get more Border Patrol on the borders if you do this...or you will have 2 billion extras walking over to get their well deserved freebies too..they will demand it ..and they will vote illegally of course.....should be good for the economy...and guns and ammo to the moon...
Just a reminder to everybody, this is government data. As we all know, dividers or multipliers have to be applied in order to get to a truthful number.
So, if unemployement is stated to be 7.7%, we all know it's at least 11%, so 50% multiplier (averagely).
By applying 50% to 48 million, we get to a truthful 70 million americans on food stamps.
Anything wrong with my math?
i would lke to add, if all shit fell apart there would be an increase in employment. meaning we are not lazy incompetent people. we would all find something to do. if it was a complete back melt down{ hopefully} we "people"would organise over night and a lotf us would have a job purely on our own natural given rights to move forward. we are americans and we would set an example to the whole world we would reject the globe banks offer as all doom flashed on our tv sets and realize it is us i can go on but i think it is up to all of us to allow evolovtion to take hold here with the understanding that we like fucking as 7 billion
barely coherent. I can only hope english is not your native tongue.
Good thing taxpayer are guaranteeing those wall street bonuses!
all the new records the US is breaking...
http://goldsilverbitcoin.com
Really, Tyler. You can just save that headline in a doc and cut/paste it every couple of weeks.
That was supposed to be funny, but it was actually depressing when I typed it.
Why worry over EBT card.
Universal RFID implant scheduled for March 23, 2013.
Yes we can reach 50 million foodstamps.
DHS says 450 million hollow points to control you muppets:
http://www.americanthinker.com/blog/2012/09/why_does_homeland_security_n...
The Department of Homeland Security has purchased 1.4 billion rounds of ammunition- that is not a typo -- during the last six months. This includes 450 million rounds of .40 hollow point, 200 million rounds of .223 rifle ammunition, and 176,000 rounds of .308 168-grain hollow point boat tail (HPBT) that is used almost exclusively as ammo for sniper rifles
The Lesbian SAYS it's for "range excercises".......don't you trust lesbians?
https://www.youtube.com/watch?v=o64Fz-KW1Dk
Roaring 1920s come to mind.
Let them eat Foodstamps.
Foodstamps, the ultimate Fiat Currency. Never need to print, just reload electronic credits on the plastic card's account.
Digital fiat that puts bitcoin to shame.
It's RAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAYCESSSSSSSSSSSSS
to call Obowel movement the food stamp President.........
One for the Nipper.
Is it wierd Forbes put this Op-Ed up?
"1.6 Billion Rounds Of Ammo For Homeland Security? It's Time For A National Conversation"
http://www.forbes.com/sites/ralphbenko/2013/03/11/1-6-billion-rounds-of-...
This is big news. Thugh I have yet to get into the site to read the article because it has crashed 3 times just as I finally reach it through numerous windows with trick questions. Even after rebooting my system I crashed? I did get a glimpe and saw the words "coup d etat" - Thanks!
"Give me the nations food stamp card, and I care not who runs the govt."
Baron duh Rottenchild & Co.
I think that quote was made by James Porkbarrel Morgan, aka JP Morgan.
The MSM all of them are so naive, and misinformed. They keep saying the rises in the market are because people are jumping in to buy. Good God I'm going to send that volume chart out to a few of them! Effen retards.
It's on purpose....
eligible RESIDENTS not eligible Americans.
When a central banker dies, a million middle class citizens get their wings.
if this government wasn't completely incompetent they would issue StockMarket Stamps. (actually they do, i think. it has been reported that first of the month jumps in the stock indexes reflect contributions to 401Ks driven by food stamps. we got the food paid for honey, might as well buy some AAPL - or head down to the Indian Casino)
COPENHAGEN - Danish restaurant Noma, crowned the world's best restaurant three years running in one poll, on Friday apologized after 63 guests fell ill with sickness and diarrhea after visiting the haute cuisine establishment.
According to the Danish health authorities, the guests fell ill during a five-day period in February and the outbreak could have come from a sick kitchen staff employee.
http://vitals.nbcnews.com/_news/2013/03/08/17238748-63-ill-after-eating-...
Eat out at your own risk!
I'm a Cheap Bastard so I ALWAYS eat at mi casa.
there is the scam of buying redbull with ebt to sell for cash, nothing like gettin some free cheap booze and cigs or medicinal pot
Where is Paul Krugman? Does he have the guts to comment on this article?
Allow me. Government needs to print, moar, now, or the economy will continue to stagnate. But thank heavens we have a social safety net for the poor, and that they are taking advantage of these wonderful programs. You see, to liberals, massive welfare programs are an indication that the state is doing it's job well, buying off, err, helping out the poor, who are poor because of ... evil corporations and religious Christians and doomer libertarians and not enough regulation, and too little government/credit creation. It is axiomatic, for them, that there are always lots of people in need of social services, and that it's the government job to provide them; so they are happy when it does, and morally indignant when it does not. The underlying issue of structural poverty/disadvantage is a given. Should I keep talking in circles?
obama should be on some form of currency, why not the food stamp?
There you go --the new U.S. currency: barter cards.
Gosh. Back in 1985 I named my Black Lab "Food Stamp" because she ate like a pig as a puppy. Our maid & daughter thought it was a hoot and her 7-yr old daughter called her "Food Stanps".
How times have changed.
BTW, that daughter was killed by a drive by shooting 10 years later in the same small town. Totally innocent. Guess Big Suga Drank Bloomberg would sez I caused dat...
the trend in the market is so fucking predictable, its become sad.
overnight the futures are always flat, down 5-6 pts maybe, then they rebound in the am from nothing, then the market opens a few pts down, then its green the rest of the day.
dow might as well hit 20,000 this year its irrelevant its not real
This is what it all looks like just before the end of a fiat ponzi. The people that got us here are arming them selves to the teeth, patriots jailed for blowing the whistle, laws quickly written to protect the guilty, end of protections under the bill of rights, smart money leaving the country, police becoming brutal and unaccountable. All these things are accelerating
I'm with Max Keiser when he says that April is when the SHTF.
Why does Keiser say April? (I tend to think it's hard to know when crises will hit---I think there will be rolling ones--and with what severity.)
Bond market collapse.
Man I'm tired of this HOPEy the Clown AND somebody CHANGE the channel!
If a family after Two generations on welfare become systemically unemployable and Are unsupportable, this is what happens. a family of welfare more than two generations should start having large families if they cannot support their children. Why should the public support A failed breeding experiment gone bad.