Over 46 Million Americans On Foodstamps For The First Time Ever
While the capital markets may be cheering that in the past month 120,000 people supposedly found jobs, even if these were largely temporary or part-time just in time for the year end shopping sprees, we wonder how they will react when learning that according to the latest update from the Supplemental Nutrition Assistance Program (SNAP), some 423,000 Americans found their way to minimum way subsistence, courtesy of Food Stamp handouts from Uncle Sam. Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million. All Bush's fault, or something. At least the chart below appears to be plateauing... Actually, sorry, no isn't.
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Yes We Can Bitchez
Redistribution of wealth!
Oh, Snap!
Bullish for JPM, because they run the food stamp issuance overseas by way of Indian tele-services.
Let's hope for JPM that they can grow another 10% in that division next year...
It's all good as far as those highly desirous of creating total reliance on Big Brother are concerned.
And by the way:
The scarier thing is that before the downturn, we already had 30 million in the electronis soup lines.
Yo, Tyler, you should embed your EBT video link on this one.
BTW, 46 million?, that's Obama's core support.
EBT, Bitchez!
<iframe width="500" height="315" src="http://www.youtube.com/embed/o64Fz-KW1Dk" frameborder="0" allowfullscreen></iframe>
Obama's Free Ride!
we all must come to love big brother, he is our provider...
It's okay, the Barrasso Heller Amendment is out there...
TL;DR - All your Water in all of North America belong to us.
TL;DR admirality law everywhere, suck it corporate slaves
Thank god they aren't on the unemployment list...
One month into his term , 911 haPpens.
And one month left on his second term the market crash happens.
No it couldn't possilbley be BUSH.
The terrorists won.
one month into his term, 911 happens? So our presidents begin their terms in August? One month left in his second term, the market "crashes"? So the market "crashed" in December and not October?
You seem to be using that fuzzy government math. You should go long on a calculator and calendar.
We Can Has Cheezburger?
I can haz ur cheeseburger ?
I 8 yur burgerz
Wis pickles!
and creepy euro mayonaise
At Wendy's we have plump juicy cheezeburgers. But we have to omit the tomato due to rising input costs, or wait was it El Nino? La Nina? Fuck it just try our cheeseburgers.
Can of Spam
Without doubt, the best ticker ever: HRL.
All that is missing is U....
May I recommend this can of spam of the year 2002 sir?
That was a perfect year for spam!
http://www.ebaumsworld.com/video/watch/82063504/
Woman With 15 Kids, Somebody Needs To Pay For All My Children
is now at an all time higher 46.3 million
Is this 46.3 million individuals
OR
46.3 million families ?
YOU MEAN THEY DON'T SHARE THEIR FREE WEALTH???!!!!????
I've asked that question a couple of times, I've never received a response. I assume that number is individuals, no? Food stamps aren't issued to kids. Though I assume the more kids you have, the more stamps you get. So that number could reflect a total number.
and just think .. There was record breaking sales this Past black Friday and cyber monday ...
According to other infor, the number of requests for instant background checks for purchasing firearms was 32% higher on Black friday. Any correlation?
One would assume individuals. There are 115 million +/- households in the US.
When the revolution comes, these folks will be the majority.
Hence, no revolution.
No it will be a revolution of the 99% taking from the 99%. Don't worry Obama is going to take care of the car payments, the phone, the gas, the rent, the food, the healthcare...
How about you get off your fucking back for 15 minutes long enough to put your goddamn feet on the ground? Then we'll talk about prospects on providing for 15 fucking kids.
This is fucking ridiculous. I'm so depressed that people even give this shit the time of day. She should have thought about that on her... 3rd fucking kid. Maybe even her 7th. Hell, she could even wait til her 10th kid. But 5 more after that and it's someone elses fault? Fuck that. FUCK. THAT.
It blows my mind. People on my street even... they don't even know how they're going to provide for themselves and they're popping out kids like it's going out of style.
god's little miracles...
This is how, with the support and encouragement of big Government, the meek shall inherit the Earth..until it is no longer sustainable. Then very bad things happen.
thx tekhneek- "FUCK. THAT." will be the newest quote entered into my ZH classics. lmao
"How to Serve Man"...it's a cookbook! Twilight Zone episode, remember?
How to cook [for(ty)] humans.
Kang and Kodos FTW!
? People..., people who eat people...., are the hungriest people, in the world......?
Hmm, on the bright side -- the growth rate is tapering back to linear! :>(
The Foodstamp President.....i like that
YES WE STAMP!
Yes we can!
http://kogibbq.com/wp-content/uploads/2011/06/Canned-Unicorn-Meat.jpg
feed me
http://www.youtube.com/watch?v=L7SkrYF8lCU
Fiddy is next up...
Incredable.....really...this is the non seasonally adjusted pluse of the market....IMHO...Obama is doing wonders..
How do I sign up?
Stop functioning and you're signed up automatically by the JP Morgue.
benefits.gov
My favorite website, after Zerohedge.
I need to pick me up some of these.. why not? Everybody else is doing it..
The trend has been set and is now accelerating: the real economy can no longer support the population of the USA. SNAP, and other assistance programs will be the only means of support. That's why law local and state enforcement has been purchasing tanks, APCs and other heavy hardware from the military
Yeah, I am afraid you are correct. We have been joking around here for a long time about bread and circuses... and now the bread part of the equation is poised to get "real." If the next inevitable wave of money printing hits along side public-sector downsizing and middle-east chaos (e.g. spike in oil prices), SNAP is going to go vertical.
edit: I forgot the bright side of this.... just like unemployment statistics, it won't go up forever, and could actually reverse at some point. Naturally, there will be a slowing of the trend as larger and larger proportions of the country qualify for SNAP. And, once the SHTF, the numbers may actually decline!
Once the definition of "Terrorist" is broad enough there will no longer be a need for SNAP, Social Security, Medicare, Medicaid, Elections....................
How many returning disenfranchised US troops have mastered the vocation of building/dismantling IED's I wonder?
There is plenty of work, just not plenty of work people are willing to do.
Illegal immigrants always seem to find work. I had one raking my leaves the other day and I always pay them very well because I like loyal servants.
Lazy Americans prefer foodstamps and trying to get a disability check.
cause it takes time to accept that you live in a third world country
Ever visit a free clinic? Hospital? Prison? There you'll find huge numbers of illegal aliens. Hire one.
How nice of you to "pay" your servant.
Bravo to the millions not willing to be your servant.
And bravo to those not willling to demean themselves for peanuts.
Yes, much better to just grub off of people anonymously - that is dignity
Actually it's better to steal the money at gun point, at least it shows some entrepreneurial spirit.
I know when I'm at my last $500, it will be spent on a handgun. Better investment than a dependable car.
That way no fucking fascist right-winger can call me lazy...to my face.
Why not? No rule of law at the top means no rule of law at the bottom. You don't need any fancy theories. When Joe's kids are hungry and Joe doesn't have any money, Joe is going to find some food somewhere for them, law be damned.
+1 Chump, I too, am not moral enough to starve.
Hence you just explained the purpose of SNAP and Welfare, violence insurance.
batterycharged remarked:
I strongly recommend not waiting to make that purchase.
oooooohhhhh. I'll lend you one of my guns. Lazy....
Idiot for missing his sarcasm and idiot for preferring unemployment to a "demeaning" job.
If I build a business supported by SNAP benefits, are the profits taxable?
Yes and it seems if you "build a business" ENABLED by food stamps you are then a glorious job creator and are showered with all manner of "benefits".
Hail the mighty yob creators.
Guess which bank profits from this?? Hint: This bank not only engineers poverty but profits from it.
http://www.youtube.com/watch?v=eYRG9f5F4gw (Max Keiser)
Here in Michigan, the state put $1 cash on everyone's EBT card. Only $1. The only way to get it out was through an ATM, which incurred a FEE.
Guess who benefitted from that?
What's ironic is that people demonize the poor for using food stamps when JP Morgan and grocery chains really benefit the most.
batterycharged correctly noted:
That's because the occupational government in Vichy, D.C., has decreed that socialism is for the wealthy, and ass-raped-by-the-big-red-white-and-blue-dickism is for everybody else.
Fuck ism.
It's truly disgusting, isn't it? I don't fault the people on foodstamps, yes, I am sure there are some that are milking the system but the banks/corporations have made the conditions in which people are so destitute they need assistance, and then these greedy bastards profit from their misery.
And this market just marches to a different drummer, day after day. Until, it stops.
It's transitory
Another bullish sign for JPM as their EBT customer base keeps increasing.
How can you sell and make money on this Wall Street.
One more sad day for the USA.
Does the Govenment cheese come in Sharp Cheddar?
Imagine this # when UE reaches 7.9 percent
What a fucking disgrace....
Anyone else notice the obvious Groundhog Day daily charts in the S&P? The huge before bell ramp-ups in futures by the insiders followed by the zombie like flatline like nobody want so play along anymore. It's almost like they are just trading with themselves and when they get bored they'll go short to break the cycle and make the market look like it's animated when it's really just a play thing on puppet strings. I call the chart formations circle jerks becasue the go in a cycles. I can't prove it but I think we are nearing the end of another masturbatory formation and the trend line is about to go flacid.
Imagine if 46 million people were kicked off the food stamp program. What would be the over under on full blown chaos?
If they were told through and EBS message during DWTS then about 60 seconds.
Well since most 'merikans have about 3 days worth of rations stored up, I would say about 4 days.
pods
That gives me 4 days to get the hell out of the country.
give or take. and be careful to not be on the wrong side of your assumption.
Think about the last great depression. Most people were no more than one generation removed from a mostly agrarian existence. The knew how to survive. People sill had to do things like can their own vegetable. Hell, my mother canned vegetables as recently as the 70's. It'll get ugly, for sure.
they are being starved by the real inflation rate, also add in the number of people who stopped paying their mortgage. I just heard of a real estate vulture who took a 2 week vacation in St Barths besides other globetrotting and now declared bankruptcy.