June Foodstamp Recipients Hit All Time High As Three Times As Many Americans Enter Poverty As Find Jobs

Tyler Durden's picture




 

Following a brief period in which it seemed that US foodstamp recipients may have peaked, with those living in poverty maxing out at 46.514 million in December 2011, and then declining modestly for the next few months, June saw a new surge in those Americans living in poverty and thus eligible for foodstamps, with 173,600 new entrants into the system, bringing the total to a new all time high of 46.670 million and once again rising fast. Furthermore, with subsequent emergency events affecting the heartland due to the drought, the administration has made sure even more Americans will be eligible going forward. As a result expect the July and August numbers to promptly surpass 47 million on their way to the psychological resistance level of 50 million. Indicatively, the 173,600 increase in Foodstamps recipients in June was three times greater than Americans finding jobs (64,000, most of which part-time) according to the BLS. Finally, a new record was also breached for American households on foodstamps, which now hit 22.4 million, an increase of 106,298 households. The average benefit per household decline once more, this time to $276.5. Not an all time low, but just above it.

Persons on Foodstamps

Households on foodstamps

Source: SNAP

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Tue, 09/04/2012 - 09:34 | 2759947 nmewn
nmewn's picture

Forward.

Tue, 09/04/2012 - 09:37 | 2759954 GetZeeGold
GetZeeGold's picture

 

 

Why not? It's totally free!

 

Tue, 09/04/2012 - 09:42 | 2759969 Dr. Richard Head
Dr. Richard Head's picture

Perhaps this was the detail that Biden was going to get into on how we are all better off in America.  If it just wasn't so gosh darn hot.

http://www.breitbart.com/Breitbart-TV/2012/09/03/Biden-If-It-Werent-So-Hot

Tue, 09/04/2012 - 10:15 | 2760075 whstlblwr
whstlblwr's picture

Who cares of poverty in America, we have Bernanke. Bernanke will you tell us the price target for Apple or is the information only for your buddies? Unintended consequence of your printing is high gas costs, demand is down, but costs are going up. But you don't care right, your driver can afford it. What is your new propaganda for this?

Doesn't matter we know where it comes from.

Tue, 09/04/2012 - 10:29 | 2760079 redpill
redpill's picture

Jugs of Tide and food stamps, the official currency of a hopeful and changed America.

 

Sí, aceptamos tarjetas de EBT!
Tue, 09/04/2012 - 11:04 | 2760336 Freddie
Freddie's picture

Hope & Change. 

At this point I want the old puppet Bush back.  Even puppet Carter would be an improvement.

Tue, 09/04/2012 - 11:09 | 2760363 Midas
Midas's picture

Hillary must spend over 8 hours a day trying to figure out how she lost to this empty suit....

Tue, 09/04/2012 - 09:57 | 2760016 Pool Shark
Pool Shark's picture

 

 

Oh, Snap!

 

 

Tue, 09/04/2012 - 13:52 | 2761112 Crabshacker
Crabshacker's picture

Oh, Snap!.....card. fixed..

Tue, 09/04/2012 - 10:23 | 2760116 toady
toady's picture

They really push the snap cards once you're paat the 99 weeks. I kept in touch with a bunch of the guys that were laid off from where we used to work, and the first thing they say if you call on week 100 is 'do you want us to forward your file to welfare'?

Most said no, and were all indignant n' stuff, but I imagine some are getting desperate.

I even heard welfare workers were showing up at the houses of the guys with kids 'checking on their well-being' , because the wasn't on welfare.

Tue, 09/04/2012 - 09:46 | 2759977 Cognitive Dissonance
Cognitive Dissonance's picture

The chart shows there is plenty of room to grow. In fact, it's just getting its second wind.

Long food stamps.

>Got Gold?<

Tue, 09/04/2012 - 09:54 | 2760006 nmewn
nmewn's picture

Home of the brave, land of free-shit. You know, a "decent" fascist central planner could look at stats such as this (along with unemployment) and discover a lot of under utilized labor for the states own purposes.

Oh boy, here it comes ;-)

Tue, 09/04/2012 - 09:59 | 2760029 Pool Shark
Pool Shark's picture

 

 

"Have some bread to go with your circuses..."

 

 

Tue, 09/04/2012 - 10:12 | 2760060 nmewn
nmewn's picture

And eat your peas!!!

Tue, 09/04/2012 - 10:16 | 2760078 GetZeeGold
GetZeeGold's picture

 

 

When you finish we'll give you your very own Nobel Peas Prize!

 

Tue, 09/04/2012 - 10:23 | 2760115 nmewn
nmewn's picture

On the come too...lol...we know you're good for it!!!

Whoopsie ;-)

Tue, 09/04/2012 - 10:31 | 2760152 MassDecep
MassDecep's picture

We will also remind you of your daily shot of fluoride, in case you forget.

If you remember, a double shot for you!!!

 

Tue, 09/04/2012 - 10:39 | 2760195 nmewn
nmewn's picture

Yeah, I used to have city water till I moved. I have a 90' well now...two wells in fact...spring water, good stuff.

Tue, 09/04/2012 - 13:24 | 2760970 MassDecep
MassDecep's picture

The sheeple have no idea what they ingest in their drinking water. Mine's 90' also. Goes through radiation and charcoal filter prior to down the hatch.

 

Maybe that's what's wrong with me..or could be all the Bible reading and Ammo, Food hoarding I'm involved in.

 

Tue, 09/04/2012 - 10:23 | 2760113 LawsofPhysics
LawsofPhysics's picture

nmewn,

How's that "trickle down" approach working for everyone?  Tired of being urinated on yet?  The fascists keep telling the unwashed masses it is simply "raining".

Tue, 09/04/2012 - 10:30 | 2760143 nmewn
nmewn's picture

The only thing I see trickling down is peoples hope for a decent future.

You really sittin around thinking letting the government take more of what people earn is any sort of an answer?...I mean really, they're doing such a stellar job of spending what they don't have now right?...give them more?

Tue, 09/04/2012 - 09:48 | 2759989 LMAOLORI
Tue, 09/04/2012 - 11:36 | 2760512 linrom
linrom's picture

The number of participants increased by 10 million under Bush from 200101 to 200901. Under Obama that number doubled to about 20 million. The SNAP participation rate has been increasing since 2000.

Tue, 09/04/2012 - 12:02 | 2760632 FoodStampPrez
FoodStampPrez's picture

Yes, yes I am.

Tue, 09/04/2012 - 09:52 | 2760001 NumNutt
NumNutt's picture

Forward!, just like Thelma & Louis, right off the cliff.

Tue, 09/04/2012 - 09:58 | 2760020 GetZeeGold
Tue, 09/04/2012 - 10:43 | 2760208 vast-dom
vast-dom's picture

FAST ON!

Tue, 09/04/2012 - 14:18 | 2761227 Colonel Klink
Colonel Klink's picture

Since we're all now in 1984 where up is down, apparently forward is REVERSE!

Tue, 09/04/2012 - 09:34 | 2759948 Everybodys All ...
Everybodys All American's picture

Foodstamps and more than likely registering to vote democratic. Forward.

Tue, 09/04/2012 - 09:45 | 2759972 Abraxas
Abraxas's picture

Yeah right! And the Republicans are like sooo much better. They care about the people an stuff. War can employ much more people than any social program on the planet. Don't vote! It's a trap.

Tue, 09/04/2012 - 09:55 | 2760010 ElvisDog
ElvisDog's picture

The Dems are just as much a war party as the Repubs these days, and the Repubs love government spending as much as the Dems. Look beyond your red team/blue team ideology and embrace reality.

Tue, 09/04/2012 - 10:01 | 2760035 Abraxas
Abraxas's picture

I agree ElvisDog! +1

Tue, 09/04/2012 - 10:20 | 2760102 pods
pods's picture

The system requires debt to increase.  Since the private sector is dead, that leaves government.

Matters not which puppet is on the stage, the debt will increase.

pods

Tue, 09/04/2012 - 10:25 | 2760124 LawsofPhysics
LawsofPhysics's picture

Yes, until the supply lines finally break.  From where I sit, I see many contracts to deliver on several commodities about to be defaulted on.  When the food and fuel stops showing up, then shit gets real.  Same as it ever was.

Tue, 09/04/2012 - 10:37 | 2760175 pods
pods's picture

I have noticed that inventories are incredibly low for things that will cause many problems. 

Fuel mainly.  If you watch, the deliveries are (mostly) JIT. Have seen many stations run out of regular.  Cannot afford to keep a large inventory.

Scary.

pods

Tue, 09/04/2012 - 10:50 | 2760241 roadhazard
roadhazard's picture

I believe both red and blue need a fair and equal share of ass kicking since they are the cause. I spend more time kicking the red ass because they are. The blue team will at least give you a reach around every once in a while as they lay it to you, red team gives you a dirty Sanchez and tells you you like it.

When the red and the blue can only come together to agree that personal freedom needs to be protected by taking it away that is when you are sure beyond any doubt you are being DP'd.

Tue, 09/04/2012 - 11:16 | 2760398 giovanni_f
giovanni_f's picture

+1. Now convince the ~ 300.000.000 remaining voter-suckers

Tue, 09/04/2012 - 09:35 | 2759949 fuu
fuu's picture

The checks are in the mail and everything is fine.

Greenshoots for everyone!

Tue, 09/04/2012 - 09:34 | 2759950 BurningFuld
BurningFuld's picture

Change you can believe in!

Tue, 09/04/2012 - 09:37 | 2759955 GetZeeGold
GetZeeGold's picture

 

 

If you get tired of that.....you can borrow some of my hope.

 

Tue, 09/04/2012 - 10:43 | 2760212 Blasé Faire
Blasé Faire's picture

No need for you to share yours.  We can just get some more, freshly from the soruce.

Tue, 09/04/2012 - 09:38 | 2759956 Racer
Racer's picture

Don't you just love it when the FED's plans comes together perfectlly!

/sarc

 

Edit: on second thoughts, perhaps it really is their plans to impoverish and starve the people into submission

Tue, 09/04/2012 - 09:57 | 2760017 pirea
pirea's picture

Impoverish and starve people into revolutions.

 

Tue, 09/04/2012 - 10:01 | 2760034 magpie
magpie's picture

The USA can't be Egypt...because it already has its MB President.

Tue, 09/04/2012 - 09:38 | 2759958 youngman
youngman's picture

This will be highlited at the Democratic convention for sure....for sure....the people have figured out how the play the game....and they are...they are learning the Disability deal is a better one...good for life...

Tue, 09/04/2012 - 10:04 | 2760041 LMAOLORI
LMAOLORI's picture

 

 

More important things to worry about at the convention

Michelle Obama’s day and perks reserved for the big donors

http://www.suntimes.com/14918289-761/sweet-michelle-obamas-day-and-perks-reserved-for-the-big-donors.html

Tue, 09/04/2012 - 11:12 | 2760382 Bob
Tue, 09/04/2012 - 13:54 | 2761124 LMAOLORI
LMAOLORI's picture

 

Your guide to sleazy Democratic Party-backed banks

snip

"Bank of Democratic America, which raked in $45 billion in Obama-supported TARP bailout funds and billions more in secret emergency federal loans, footed the $50 million restitution payment bill for Mozilo and another Countrywide official. In 2008, BofA’s political action committee gave its biggest contributions to Obama, totaling $421,000. And as I noted in January, Bank of America supplied the Democrats with a $15 million revolving line of credit, along with an additional $17 million loan during the 2010 midterms.

Embarrassed by the party’s ties to shady Bank of America, progressives are now trying to rebrand the Bank of America Stadium in Charlotte, N.C., where Obama will give his nomination acceptance address. They’re referring to it as “Panthers Stadium” instead."

Tue, 09/04/2012 - 09:38 | 2759960 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Bullish!

Do NOT follow this link or you will be banned from the site!