Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly

Tyler Durden's picture




 

While we do not know if foodstamp usage is seasonally adjusted, we do know that in January it was virtually unchanged at 46.5 million recipients. And while the actual number of recipients declined by a whisper, the number of households actually receiving benefits increased to a new record of 22.2 million. Lastly, the average monthly benefit per household slide to a multi-year low of $277.27. First the quality of jobs gets diluted, next the poverty benefits. All in line with the continued dilution of real wealth, simply so nominal indexes can hit fresh 5 year highs - today the S&P hit an intraday high not seen since December 31, 2007. Luckily, soon everyone will be rich and can retire.

Households on foodstamps and average benefits:

Actual foodstamp recipients.

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Mon, 04/02/2012 - 16:47 | 2310697 Ahmeexnal
Ahmeexnal's picture

Didn't millions of North Koreans just have their foodstamps revoked by the Fearless Ogolfer?

Mon, 04/02/2012 - 17:05 | 2310764 ms1408
ms1408's picture

Some libertarians claim that record food stamp usage, record youth unemployment and record gap between rich and poor, is empirical evidence of the failure of the great society programs that have grown into the largest social programs the world has ever seen. However, I disagree with this. I have my reasons but I don’t feel that now is the time and place to expand on them. In fact, I believe the programs are actually a success. So much so that any opposition to these programs is an indisputable indication of a hatred for the poor. I have evidence and reasons for this too. But I’d rather not divulge them.

Mon, 04/02/2012 - 17:06 | 2310770 Ima anal sphincter
Ima anal sphincter's picture

What?????

Mon, 04/02/2012 - 17:11 | 2310785 ms1408
ms1408's picture

You heard me. I believe our government's welfare programs are a success. So much so that there is no room for disagreement.

Mon, 04/02/2012 - 17:19 | 2310832 Ima anal sphincter
Ima anal sphincter's picture

I don't see any sarcasm quote.

I guess I've stumbled upon an  dumb-ass extraordinaire. There are plenty of dumb-ass's out there, but only a select few rise to the "next" level. You should be proud of yourself. Keep up the good work.

Mon, 04/02/2012 - 17:22 | 2310849 I think I need ...
I think I need to buy a gun's picture

he is right its worked the chinese stand in assembly lines until they can't stand anymore making iphones while the welfare recieptients in the united states use their iphones in the line at the grocery market waiting to use their food stamps. Success right???

Mon, 04/02/2012 - 17:30 | 2310877 Pladizow
Pladizow's picture

If you are one of the elite, then he is right!

These governement programs are accomplishing exactly what they were designed for.

Success depends upon what the true goal of the program is!

Mon, 04/02/2012 - 18:27 | 2311100 Stax Edwards
Stax Edwards's picture

TD, you are a master of chart manipulation, thanks for the link to the spreadsheet.  Just a few months prior to your chart benefits were only 250 per month.  #Winning!

Mon, 04/02/2012 - 21:44 | 2311576 boogerbently
boogerbently's picture

The programs are well intentioned. The problem is there is NO documentation of the applicants. Basically all you need for SSDisability FOR LIFE, is a note from your doctor. Who feels compelled to give it to you to avoid legal reprocussions. How about just checking applicants bank acct's to determine NEED.

NOTHING works on the "honor" system, unfortunately.

Mon, 04/02/2012 - 22:00 | 2311610 Freddie
Freddie's picture

Hope & Change.

Mon, 04/02/2012 - 17:37 | 2310917 brewing
brewing's picture

mdb's idol...

Mon, 04/02/2012 - 18:36 | 2311124 rumblefish
rumblefish's picture

or mdb has a new name....

Mon, 04/02/2012 - 17:19 | 2310833 riphowardkatz
riphowardkatz's picture

I believe you believe it. Faith, hope, change. It would be very hard to disagree with you.

Mon, 04/02/2012 - 17:23 | 2310855 Belarusian Bull
Belarusian Bull's picture

Your trolling is too fat, you should improve.

Mon, 04/02/2012 - 17:49 | 2310973 Federal Reserf
Federal Reserf's picture

It is a complete failure but I'll only disclose only one of my reasons.  The Great Society & other gov't/fed policies have yet to equalize the wealth of Americans. It has failed by inviting only a portion of the middle class into joining the Great Society club.  If 100% of the middle class enjoys the benefits of the Great Society (G.S.), success will be acheived.

Mon, 04/02/2012 - 18:21 | 2311084 LawsofPhysics
LawsofPhysics's picture

Ah yes, I also believe the world is flat.  I have evidence for this but I simply won't share that with you now.

MDB or Robo looking for a new moniker, do I really need a the < sarc > flags?

Mon, 04/02/2012 - 18:25 | 2311096 MagicHandPuppet
MagicHandPuppet's picture

Douche much?

Mon, 04/02/2012 - 17:13 | 2310797 TuPhat
TuPhat's picture

It sounds like you have opinions and you are entitled to those, but your reasons might as well be kept to yourself.  Unless you forgot the sarc tag.  I am not libertarian or any other party but it is quite clear that this nation is suffering a failure of most of it's programs whatever you may consider the cause to be.

Mon, 04/02/2012 - 17:14 | 2310802 Tom Servo
Tom Servo's picture

MDB are you posting on the wrong account?!

 

Mon, 04/02/2012 - 17:18 | 2310831 TuPhat
TuPhat's picture

My bad.  I should have realized it's MDB.

Mon, 04/02/2012 - 17:34 | 2310856 tickhound
tickhound's picture

"But I’d rather not divulge them."

Without debating 'what constitutes success'... I'd like to think that my opinion on a specific government assistance program is no indication for hatred of the poor.   

Do I assume the reverse is true?  Would support equal indisputable love?

Is this a philosophical break-through? 

I await any indisputable evidence. 

Tue, 04/03/2012 - 19:04 | 2314906 tickhound
tickhound's picture

AND as suspected... 24 hours brings NOTHING but m'f'ing crickets.

Mon, 04/02/2012 - 17:28 | 2310874 Pairadimes
Pairadimes's picture

April Fool's Day was yesterday.

Mon, 04/02/2012 - 17:29 | 2310875 fuu
fuu's picture

You could at least wipe the paint off your chin.

Mon, 04/02/2012 - 17:44 | 2310882 vast-dom
vast-dom's picture

THAT CHART IS IDENTICAL TO APPLE STOCK CHART!

 

guess you can use foodstamps to buy iPads.

Mon, 04/02/2012 - 19:48 | 2311279 AustriAnnie
AustriAnnie's picture

Yes, actually, you can.  Foodstamps are used as a form of currency, traded for just about anything.  ipads and crack seem to be popular choices.

Mon, 04/02/2012 - 23:59 | 2311948 Agent P
Agent P's picture

Giving someone government credit to buy an iPad vs. giving someone government credit to buy food so they can use their money to buy an iPad...no difference IMO.  I said this in another post a few days ago about smartphones, which is something I see SNAP (Link in IL) recipients with at the grocery store ALL THE DAMN TIME.  I've also seen people use Link cards to pay for groceries, then go out into the parking lot and get into a $60k Yukon Denali, but to be fair, I've seen others go outside and wait for the bus.

SNAP is a well-intentioned necessary program, and I have no problem paying taxes to help keep families (especially children) from going hungry.  However, the fraud and abuse I have witnessed first hand is enough to make my blood boil.

Tue, 04/03/2012 - 02:05 | 2312132 James-Morrison
James-Morrison's picture

Just because someone is poor, does not mean that he does not want to fit in.

An iPhone is in the constitution somewhere (I think).

If not, four more years of President Zero will ensure that unalienable right is added.   

Mon, 04/02/2012 - 17:32 | 2310896 Federal Reserf
Federal Reserf's picture

"I don’t feel that now is the time and place to expand on them. In fact, I believe the programs are actually a success. So much so that any opposition to these programs is an indisputable indication of a hatred for the poor. I have evidence and reasons for this too. But I’d rather not divulge them."

In addition to the Great Society we should apply the above statments to:

1) Greenspan-Bernank Fed policy

2) FEMA response during Hurricane Katrina

3) Gideon Gono's monetary policy

4) Mao's Cultural Revolution

5) any other program with fucked up results.

Mon, 04/02/2012 - 18:51 | 2311157 DavosSherman
DavosSherman's picture

FUCK YOU MOTHER FUCKER ms1408

Mon, 04/02/2012 - 21:36 | 2311553 Old Poor Richard
Old Poor Richard's picture

I'm assuming that this is sarc just as ms1408's post was sarc?

 

Mon, 04/02/2012 - 20:53 | 2311416 dataanalytics
dataanalytics's picture

If you would 'rather not divulge them' then why bother to comment?
Thanks for the useless trolling...

It was somewhat humorous though!

Tue, 04/03/2012 - 04:11 | 2312223 Tsukato
Tsukato's picture

I wholeheartedly agree with you. Although for the longest time, I'd thinking that the end is coming to the U.S., I'm starting to wonder if that's the case. About 15 years ago when I was living in america, I remember some discussion on tv, and they were saying the dollar had to be devalued in the future in order that manufacturing would again be competitive. Also, something was said regarding american workers needing to lose their primadonna attitude, and work for longer hrs, and less money. Well it looks like that is coming. Also, wages in the cities here in China, rose 49% last year.

It doesn't seem to matter if the BRICS start their own world bank. Everything boils down to who controls the oil, and that it remains priced in dollars. Looks like america/nato is taking care of that.

I'm starting to wonder if it might not be a bad idea, to start, incrementally, increasing my exposure back home. For starters, I see tons of palatial homes in the hills outside Sacramento (where I'm from) in the $500-700,000 range. Hell, here in Chongqing, we've been thinking to buy a villa for around that price, but they are piles of concrete shit. Also, wages are lower in the US now, so I wonder if it might not be a bad time to start up sthg over there. Any advice?

Tue, 04/03/2012 - 04:16 | 2312226 Tsukato
Tsukato's picture

Actually, these folks on assistance were never much of an asset to the country anyway. It doesn't cost much to take care of them. Much less than endless wars. After a while, benefits can be scaled back when we are getting close to wage parity with the chinese, manufacturing can return, and the deadbeats can be dumped into their new factory jobs. At that point, get rid of welfare, foodstamps, etc., and we will be in a great position to take on the world again!

Tue, 04/03/2012 - 04:43 | 2312244 dolly madison
dolly madison's picture

Since the banksters already long ago got the farms away from the people, I think foodstamps is a good thing to have when the banksters crash the economy.  The people don't have eough land to create their own food, so if the machine can't make enough jobs or them, they still must eat.

Mon, 04/02/2012 - 17:07 | 2310775 hawks5999
hawks5999's picture

Compassionate liberalism.

Mon, 04/02/2012 - 19:00 | 2311182 nmewn
nmewn's picture

The soft bigotry of low expectations.

Mon, 04/02/2012 - 16:48 | 2310702 MagicHandPuppet
MagicHandPuppet's picture

Obama-Money, Bitchez!

Mon, 04/02/2012 - 21:37 | 2311556 Old Poor Richard
Old Poor Richard's picture

O-bucks.

Mon, 04/02/2012 - 16:48 | 2310703 SHEEPFUKKER
SHEEPFUKKER's picture

Are these "e-stamps" or do they run them off the printing presses?

Mon, 04/02/2012 - 17:32 | 2310891 Pairadimes
Pairadimes's picture

The presses already glow red from the constant printing of money, and cannot be tasked with this as well. I believe the food stamps are actually manufactured in China for the U.S. government. Probably the same plant that produces American flags.

Mon, 04/02/2012 - 16:48 | 2310704 brewing
brewing's picture

gubment cheese...

Mon, 04/02/2012 - 16:50 | 2310709 Sqworl
Sqworl's picture

Gubment credit cards..redeemable at all food, liquor, fast-food and OTB..

Mon, 04/02/2012 - 16:52 | 2310716 Shizzmoney
Shizzmoney's picture

Let them eat (government) cake (twinkies)

Mon, 04/02/2012 - 16:53 | 2310717 Alcoholic Nativ...
Alcoholic Native American's picture

I love mine.  

Mon, 04/02/2012 - 16:53 | 2310719 disabledvet
disabledvet's picture

This Florida story is a big deal...and in no way do I wish to "poo-poo" what's going on down there. The underclass is truly legendary down there...especially on the African American side. Of course "you're at the mercy of logistics" when it comes to food stamps...and those prices and the cost of the program will only go higher from here. I'm still waiting for someone to show me where the cost control's are even intimated...outside of "no, I'm not paying for that" of course.

Mon, 04/02/2012 - 16:55 | 2310725 tmosley
tmosley's picture

Food stamps are buying less and less it seems.

The frog abides--for now.

Mon, 04/02/2012 - 16:56 | 2310727 vic and blood
vic and blood's picture

The food stamp people should sue the government for making them obese.

Mon, 04/02/2012 - 16:56 | 2310728 Boilermaker
Boilermaker's picture

But, what if they sold those food stamp in a dark pool and then, in turn, invested that money in the market?

Have you even thoguth of that!??  HMMM??!?!  Have you?!!?

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