This page has been archived and commenting is disabled.

Over 46 Million Americans On Foodstamps For The First Time Ever

Tyler Durden's picture




 

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.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/05/2011 - 14:23 | 1947298 Cassandra Syndrome
Cassandra Syndrome's picture

Yes We Can Bitchez

Mon, 12/05/2011 - 14:25 | 1947312 Ahmeexnal
Ahmeexnal's picture

Redistribution of wealth!

Mon, 12/05/2011 - 14:26 | 1947333 Pladizow
Pladizow's picture

Oh, Snap!

Mon, 12/05/2011 - 14:31 | 1947358 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bullish for JPM, because they run the food stamp issuance overseas by way of Indian tele-services.

Mon, 12/05/2011 - 15:08 | 1947584 Sudden Debt
Sudden Debt's picture

Let's hope for JPM that they can grow another 10% in that division next year...

Mon, 12/05/2011 - 15:49 | 1947817 TruthInSunshine
TruthInSunshine's picture

It's all good as far as those highly desirous of creating total reliance on Big Brother are concerned.

And by the way:

Food Stamps Used for Starbucks Frappuccinos
Mon, 12/05/2011 - 16:33 | 1948037 buyingsterling
buyingsterling's picture

The scarier thing is that before the downturn, we already had 30 million in the electronis soup lines.

Mon, 12/05/2011 - 17:23 | 1948262 Mauibrad
Mauibrad's picture

Yo, Tyler, you should embed your EBT video link on this one.

Mon, 12/05/2011 - 17:24 | 1948272 Mauibrad
Mauibrad's picture

BTW, 46 million?, that's Obama's core support.

Mon, 12/05/2011 - 18:30 | 1948573 Mauibrad
Mauibrad's picture

EBT, Bitchez!  

<iframe width="500" height="315" src="http://www.youtube.com/embed/o64Fz-KW1Dk" frameborder="0" allowfullscreen></iframe>

Obama's Free Ride!

Mon, 12/05/2011 - 14:30 | 1947354 john39
john39's picture

we all must come to love big brother, he is our provider...

Mon, 12/05/2011 - 14:37 | 1947393 CPL
CPL's picture

It's okay, the Barrasso Heller Amendment is out there...

 

Barrasso Heller Amendment” to defund EPA Corps jurisdiction expansion. Call both your senators at (202) 224-3121. 
 
The EPA and Corps have published new regulations expanding the term “Navigable” so it could cover a bird feeder in your back yard. Don’t let the EPA and Corps get away with expanding their own jurisdiction and undermining the limits Congress placed on them by limiting their Jurisdiction to “Navigable Waters” in the Clean Water Act.
 

Mon, 12/05/2011 - 14:38 | 1947397 CPL
CPL's picture

TL;DR - All your Water in all of North America belong to us.

Mon, 12/05/2011 - 15:35 | 1947753 marsdefIAnCe
marsdefIAnCe's picture

TL;DR admirality law everywhere, suck it corporate slaves

Mon, 12/05/2011 - 15:13 | 1947614 Sudden Debt
Sudden Debt's picture

Thank god they aren't on the unemployment list...

Mon, 12/05/2011 - 16:35 | 1948043 In Fed We Trust
In Fed We Trust's picture

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.

Mon, 12/05/2011 - 18:57 | 1948693 txsilverbug
txsilverbug's picture

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.

Mon, 12/05/2011 - 14:26 | 1947318 Dr. Acula
Dr. Acula's picture

We Can Has Cheezburger?

 

Mon, 12/05/2011 - 14:31 | 1947362 DOT
DOT's picture

I can haz ur cheeseburger ?

Mon, 12/05/2011 - 14:38 | 1947401 CPL
CPL's picture

I 8 yur burgerz

Mon, 12/05/2011 - 15:14 | 1947619 Sudden Debt
Sudden Debt's picture

Wis pickles!

Mon, 12/05/2011 - 15:26 | 1947699 MachoMan
MachoMan's picture

and creepy euro mayonaise

Mon, 12/05/2011 - 18:23 | 1948543 Dave Thomas
Dave Thomas's picture

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.

Mon, 12/05/2011 - 14:26 | 1947334 Seasmoke
Seasmoke's picture

Can of Spam

 

Mon, 12/05/2011 - 14:28 | 1947344 defn8Dog
defn8Dog's picture

Without doubt, the best ticker ever:  HRL.

Mon, 12/05/2011 - 14:38 | 1947399 Flakmeister
Flakmeister's picture

All that is missing is U....

Mon, 12/05/2011 - 15:10 | 1947593 Sudden Debt
Sudden Debt's picture

May I recommend this can of spam of the year 2002 sir?
That was a perfect year for spam!

Mon, 12/05/2011 - 14:41 | 1947417 uno
uno's picture

http://www.ebaumsworld.com/video/watch/82063504/

 

Woman With 15 Kids, Somebody Needs To Pay For All My Children


Mon, 12/05/2011 - 14:52 | 1947487 goldfish1
goldfish1's picture

is now at an all time higher 46.3 million

Is this 46.3 million individuals

 

OR

 

46.3 million families ?

Mon, 12/05/2011 - 15:11 | 1947597 Sudden Debt
Sudden Debt's picture

YOU MEAN THEY DON'T SHARE THEIR FREE WEALTH???!!!!????

Mon, 12/05/2011 - 15:16 | 1947639 kridkrid
kridkrid's picture

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. 

Mon, 12/05/2011 - 15:25 | 1947688 peekcrackers
peekcrackers's picture

and just think .. There was record breaking sales this Past black Friday and cyber monday ...

Mon, 12/05/2011 - 15:52 | 1947834 TexasAggie
TexasAggie's picture

According to other infor, the number of requests for instant background checks for purchasing firearms was 32% higher on Black friday.  Any correlation?

Mon, 12/05/2011 - 16:50 | 1948100 Dental Floss Tycoon
Dental Floss Tycoon's picture

 

One would assume individuals.  There are 115 million +/- households in the US.

Mon, 12/05/2011 - 15:14 | 1947627 udecker
udecker's picture

When the revolution comes, these folks will be the majority.

Mon, 12/05/2011 - 15:31 | 1947729 A Lunatic
A Lunatic's picture

Hence, no revolution.

Mon, 12/05/2011 - 20:45 | 1949010 Temporalist
Temporalist's picture

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...

Mon, 12/05/2011 - 16:25 | 1947995 tekhneek
tekhneek's picture

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...

Mon, 12/05/2011 - 16:59 | 1948173 gaoptimize
gaoptimize's picture

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.

Mon, 12/05/2011 - 17:22 | 1948259 end da fed
end da fed's picture

thx tekhneek- "FUCK. THAT." will be the newest quote entered into my ZH classics. lmao

Mon, 12/05/2011 - 15:09 | 1947588 Deadpool
Deadpool's picture

"How to Serve Man"...it's a cookbook! Twilight Zone episode, remember?

Mon, 12/05/2011 - 15:14 | 1947626 ghengis86
ghengis86's picture

How to cook [for(ty)] humans.

Kang and Kodos FTW!

Mon, 12/05/2011 - 17:32 | 1948305 Theosebes Goodfellow
Theosebes Goodfellow's picture

? People..., people who eat people...., are the hungriest people, in the world......?

Tue, 12/06/2011 - 05:55 | 1950232 StychoKiller
StychoKiller's picture

Hmm, on the bright side -- the growth rate is tapering back to linear! :>(

Mon, 12/05/2011 - 14:22 | 1947299 Seasmoke
Seasmoke's picture

The Foodstamp President.....i like that

Mon, 12/05/2011 - 15:12 | 1947606 Sudden Debt
Sudden Debt's picture

YES WE STAMP!

Mon, 12/05/2011 - 14:23 | 1947303 pepperspray
pepperspray's picture

feed me

Mon, 12/05/2011 - 14:24 | 1947304 GeneMarchbanks
GeneMarchbanks's picture

Fiddy is next up...

Mon, 12/05/2011 - 14:24 | 1947306 youngman
youngman's picture

Incredable.....really...this is the non seasonally adjusted pluse of the market....IMHO...Obama is doing wonders..

Mon, 12/05/2011 - 14:24 | 1947307 drbill
drbill's picture

How do I sign up?

Mon, 12/05/2011 - 14:27 | 1947337 GeneMarchbanks
GeneMarchbanks's picture

Stop functioning and you're signed up automatically by the JP Morgue.

Mon, 12/05/2011 - 14:27 | 1947340 Dr. Acula
Dr. Acula's picture

benefits.gov

My favorite website, after Zerohedge.

 

Mon, 12/05/2011 - 14:24 | 1947308 gbresnahan
gbresnahan's picture

I need to pick me up some of these.. why not? Everybody else is doing it..

Mon, 12/05/2011 - 14:25 | 1947311 Caviar Emptor
Caviar Emptor's picture

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

Mon, 12/05/2011 - 14:35 | 1947360 centerline
centerline's picture

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!

 

Mon, 12/05/2011 - 15:19 | 1947659 A Lunatic
A Lunatic's picture

Once the definition of "Terrorist" is broad enough there will no longer be a need for SNAP, Social Security, Medicare, Medicaid, Elections....................

Mon, 12/05/2011 - 14:34 | 1947378 scatterbrains
scatterbrains's picture

How many returning disenfranchised US troops have mastered the vocation of building/dismantling IED's I wonder?

 

Mon, 12/05/2011 - 14:35 | 1947385 topcallingtroll
topcallingtroll's picture

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.

Mon, 12/05/2011 - 14:42 | 1947422 DaveyJones
DaveyJones's picture

cause it takes time to accept that you live in a third world country

Mon, 12/05/2011 - 14:46 | 1947444 Stuck on Zero
Stuck on Zero's picture

Ever visit a free clinic?  Hospital? Prison?  There you'll find huge numbers of illegal aliens.  Hire one.

Mon, 12/05/2011 - 14:56 | 1947519 goldfish1
goldfish1's picture

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.

Mon, 12/05/2011 - 15:12 | 1947599 Sophist Economicus
Sophist Economicus's picture

Yes, much better to just grub off of people anonymously - that is dignity

Mon, 12/05/2011 - 15:53 | 1947839 batterycharged
batterycharged's picture

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.

Mon, 12/05/2011 - 16:03 | 1947878 Chump
Chump's picture

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.

Mon, 12/05/2011 - 17:16 | 1948244 fnordfnordfnord
fnordfnordfnord's picture

+1 Chump, I too, am not moral enough to starve.

Mon, 12/05/2011 - 18:30 | 1948571 Dave Thomas
Dave Thomas's picture

Hence you just explained the purpose of SNAP and Welfare, violence insurance.

Mon, 12/05/2011 - 18:16 | 1948513 TheFourthStooge-ing
TheFourthStooge-ing's picture

batterycharged remarked:

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.

I strongly recommend not waiting to make that purchase.

 

Mon, 12/05/2011 - 23:22 | 1949576 Sophist Economicus
Sophist Economicus's picture

oooooohhhhh.    I'll lend you one of my guns.   Lazy....

Mon, 12/05/2011 - 15:54 | 1947846 Chump
Chump's picture

Idiot for missing his sarcasm and idiot for preferring unemployment to a "demeaning" job.

Mon, 12/05/2011 - 14:51 | 1947486 mayhem_korner
mayhem_korner's picture

 

 

If I build a business supported by SNAP benefits, are the profits taxable?

Mon, 12/05/2011 - 15:03 | 1947552 karzai_luver
karzai_luver's picture

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.

 

Mon, 12/05/2011 - 14:29 | 1947314 malalingua
malalingua's picture

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)

Mon, 12/05/2011 - 16:07 | 1947890 batterycharged
batterycharged's picture

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.

Mon, 12/05/2011 - 18:27 | 1948558 TheFourthStooge-ing
TheFourthStooge-ing's picture

batterycharged correctly noted:

What's ironic is that people demonize the poor for using food stamps when JP Morgan and grocery chains really benefit the most.

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.


Mon, 12/05/2011 - 18:36 | 1948602 malalingua
malalingua's picture

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.  

Mon, 12/05/2011 - 14:25 | 1947315 monopoly
monopoly's picture

And this market just marches to a different drummer, day after day. Until, it stops.

Mon, 12/05/2011 - 14:25 | 1947317 Oxygen
Oxygen's picture

It's transitory

Mon, 12/05/2011 - 14:25 | 1947319 Sgt. Oddball
Sgt. Oddball's picture

Another bullish sign for JPM as their EBT customer base keeps increasing.

Mon, 12/05/2011 - 14:27 | 1947320 pacdm
pacdm's picture

How can you sell and make money on this Wall Street. 

One more sad day for the USA.

 

Mon, 12/05/2011 - 14:25 | 1947322 Theta_Burn
Theta_Burn's picture

Does the Govenment cheese come in Sharp Cheddar?

Imagine this # when UE reaches 7.9 percent

What a fucking disgrace....

Mon, 12/05/2011 - 14:25 | 1947324 Dr. Gonzo
Dr. Gonzo's picture

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.

Mon, 12/05/2011 - 14:26 | 1947325 i love cholas
i love cholas's picture

Imagine if 46 million people were kicked off the food stamp program. What would be the over under on full blown chaos?

Mon, 12/05/2011 - 14:28 | 1947347 surf0766
surf0766's picture

If they were told through and EBS message during DWTS then about 60 seconds.

Mon, 12/05/2011 - 14:29 | 1947351 pods
pods's picture

Well since most 'merikans have about 3 days worth of rations stored up, I would say about 4 days.

pods

Mon, 12/05/2011 - 14:32 | 1947364 i love cholas
i love cholas's picture

That gives me 4 days to get the hell out of the country.

Mon, 12/05/2011 - 15:23 | 1947681 kridkrid
kridkrid's picture

give or take.  and be careful to not be on the wrong side of your assumption. 

Mon, 12/05/2011 - 15:22 | 1947672 kridkrid
kridkrid's picture

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.

Mon, 12/05/2011 - 14:33 | 1947372 uno
uno's picture

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.  

Mon, 12/05/2011 - 15:24 | 1947682 A Lunatic
A Lunatic's picture

There is no inflation. Unless of course you wish to be nit-picky and count stupid shit like energy, food, clothing, housing, medical care.............

Mon, 12/05/2011 - 14:40 | 1947412 Alex Kintner
Alex Kintner's picture

I saw that story in Brazil 25 years ago. It ends with soldiers standing on every street corner with assault rifles. Well, that or daily food riots.

Mon, 12/05/2011 - 14:46 | 1947448 DaveyJones
DaveyJones's picture

long soup and cat food

Mon, 12/05/2011 - 15:07 | 1947579 pods
pods's picture

Or Long Cat Soup for Food?

pods

Mon, 12/05/2011 - 15:15 | 1947631 centerline
centerline's picture

Brings a new meaning to having "bullion" as part of your investment plan.

Is it beef or chicken stock that you use to make cat soup?  Heck, might as well cover the bases and get both.

Mon, 12/05/2011 - 14:26 | 1947326 Cdad
Cdad's picture

As long as BAC and JPM and GS and such remain open and operating, this chart will only continue to go up.  It really is that simple.

Mon, 12/05/2011 - 15:13 | 1947611 Bay of Pigs
Bay of Pigs's picture

And the ball suckers on the BlowHorn will eat it all up... 

Few realize the Death Star (BAC) was set to implode last week. Another stick save by the FED.

Mon, 12/05/2011 - 14:26 | 1947329 razorthin
razorthin's picture

/sarc on

Bullish.  One less expense for the people, like delinquent mortgages.  Deficits don't matter, bichez.

/sarc off

Mon, 12/05/2011 - 14:26 | 1947330 pods
pods's picture

Doubleplusbullish!

pods

Mon, 12/05/2011 - 14:26 | 1947331 dwilso39
dwilso39's picture

Hate to say is, but this is VERY BULLISH for Gold and Silver

Mon, 12/05/2011 - 14:47 | 1947451 PulauHantu29
PulauHantu29's picture

Is that why all the Central Banks are buying gold?

Mon, 12/05/2011 - 14:26 | 1947332 LawsofPhysics
LawsofPhysics's picture

Must keep the debt slaves and pod army fed.

Mon, 12/05/2011 - 14:27 | 1947336 defn8Dog
defn8Dog's picture

No bifurcated society here.

Mon, 12/05/2011 - 14:40 | 1947409 wisefool
wisefool's picture

I say this without snark, and with good intentions. Give every single person food stamps. Wealthy people wont use them. the middle class can atlest see that some of their tax dollars are spent domestically, and they are allowed to participate. The moderate food inflation will primarily hurt the scammers, as truly poor people generally know how to strech their groceries.

Mon, 12/05/2011 - 15:29 | 1947712 A Lunatic
A Lunatic's picture

Give............ lol.

Mon, 12/05/2011 - 15:44 | 1947796 TheMerryPrankster
TheMerryPrankster's picture

Don't you know we have to feed Iraq, Afghanistan and Israel with foreign aid. We can't afford to take care of America, we are too busy keeping the empire afloat so the war machine can keep making $$$$$.

What ever became of a nation that was humble and peaceful and was an experiment in freedom and new ideas?

Starving to death on empty calories, swimming in a sea of diet soft drinks,  the obese bob like great fat whales, the cetacean canaries alerting all who are aware that a cave in is imminent.

46 million people can no longer feed themselves in a 1st world nation where 1 in 4 children live in poverty.

But don't you know the recovery is rolling right along and not only are we not in a depression, we are enjoying record days on Wall Street.  The illusions grow thinner everyday becoming more transparent and easier to see through.

Anyone who isn't pissed, isn't paying attention.

Mon, 12/05/2011 - 14:27 | 1947338 patience...
patience...'s picture

This is why U6 is a better indicator of the economy than U3. How many of these 46.3 m are employed but supported by the gov.

Mon, 12/05/2011 - 14:28 | 1947341 tahoebumsmith
tahoebumsmith's picture

And out of the 46 million on food stamps, roughly 1/3 of them are not paying their mortgages either. Reminds me of this video from a few years back...

http://www.youtube.com/watch?v=P36x8rTb3jI

You can't make this shit up...

Mon, 12/05/2011 - 14:28 | 1947342 bugs_
bugs_'s picture

Americans or residents?

Mon, 12/05/2011 - 14:28 | 1947345 Don Birnam
Don Birnam's picture

An extraordinarily dangerous trend. Indeed -- if "austerity" is ever visited upon the food stamp legions, what do we all believe will be the result: timid acquiescence, or take to the streets ?

A dependent populace is a precarious and potentially menacing thing indeed. Fuit America.

Mon, 12/05/2011 - 14:39 | 1947404 topcallingtroll
topcallingtroll's picture

Fuckin dependent whiners.

I say bring it, parasites.

Time to bring back the days of personal responsibility. Get your fuckin ass out there and rake leaves for your food.

Mon, 12/05/2011 - 14:53 | 1947482 DaveyJones
DaveyJones's picture

think we should clean up our government before we clean up our yards.

This overall problem has more to do with the lazy and dishonest rich than their poor counterparts

Mon, 12/05/2011 - 14:58 | 1947528 Iwanttoknow
Iwanttoknow's picture

While the 0.15 % rake the taxpayers.

Mon, 12/05/2011 - 15:40 | 1947775 MachoMan
MachoMan's picture

AUSTERITY IS IMPOSSIBLE.  If you expand the money supply, you get inflation...  If you borrow to do so, then you get debt and inflation...  If none of this money trickles down to the general population, then the general population gets debt and inflation without any corresponding benefit...  if wages are stagnant, then the inflation has an even more profound effect on the population...  if you then attempt to decrease taxes to ease this burden, then your ability to repay the afore-mentioned debt decreases...

It's a simple vise...  if you decrease taxes to ease the pressure from inflation, then your ability to repay your national debts decreases...  if you increase the money supply (/devalue the currency) to ease the pressure from lack of available jobs, then you get food and other inflation.   

Mon, 12/05/2011 - 14:28 | 1947346 kito
kito's picture

can you buy beer with snap? wheat and barley are grains. healthy for you.......

Mon, 12/05/2011 - 14:34 | 1947379 Esso
Esso's picture

Dammit man! You've got "president" written all over you.

KITO 2012! SNAP BEER FOR EVERYONE!

Mon, 12/05/2011 - 14:53 | 1947500 Dr. Acula
Dr. Acula's picture

SCHNAPPS

Spirits CHasers 'N' Ale Public Provisioning System

 

Mon, 12/05/2011 - 17:23 | 1948263 fnordfnordfnord
fnordfnordfnord's picture

SCHNAPPS was not invented here. What, do you want our jerbs to go to foreigners?

Mon, 12/05/2011 - 17:05 | 1947542 Esso
Esso's picture

Better yet:

 

K I T O
2 0 1 2
S N A P
B E E R

4 words, 4 lines, 4 letters each. Has a nice symmetry to it.

A simple slogan for a simple citizenry.

Mon, 12/05/2011 - 14:37 | 1947396 centerline
centerline's picture

As soon as SNAP credits replace dollars as a currency. Judging from the current statitics, we probably won't have to wait too long.

Mon, 12/05/2011 - 14:38 | 1947400 Dr. Acula
Dr. Acula's picture

>can you buy beer with snap?

"Interpersonal exchange is called indirect exchange if, between the commodities and services the reciprocal exchange of which is the ultimate end of exchanging, one or several media of exchange are interposed."

http://mises.org/humanaction/chap17sec1.asp

 

Mon, 12/05/2011 - 16:24 | 1947990 batterycharged
batterycharged's picture

This is why we need to legalize weed NOW.

A stoner with $100,000 of college debt in his mom's basement would never start a revolution.

The cure to our ills, legalize pot and give every person an iPad and free internet.

Shit, pot would be like 10 cents an ounce if Nebraska grew it. Cornhuskers to pot pickers, can I get an AMEN??

Mon, 12/05/2011 - 18:40 | 1948616 Dave Thomas
Dave Thomas's picture

SNAP recipients would double overnight. Kraft stock would go up 700% as billions of boxes of Kraft macaroni and cheese where whisked off shelves by hungry tokers everywhere!

 

 

Mon, 12/05/2011 - 14:30 | 1947352 non_anon
non_anon's picture

future O voters

Mon, 12/05/2011 - 14:30 | 1947356 junkyardjack
junkyardjack's picture

The good news is a lot of them will be dead soon due to obesity so the problem will solve itself...

http://blogs.wsj.com/economics/2011/12/03/number-of-the-week-the-economics-of-obesity/?mod=e2tw

Mon, 12/05/2011 - 16:37 | 1948054 smiler03
smiler03's picture

Yes of course because there is no such thing as a rich fat American.

Mon, 12/05/2011 - 14:30 | 1947357 Esso
Esso's picture

"At least the chart below appears to be plateauing... Actually, sorry, no isn't."

Hahahahaha!

Aaaaaaaaaand it's gone!

Mon, 12/05/2011 - 14:31 | 1947359 hambone
hambone's picture

46 million vested in keeping the state payments going...bullish for Obama, bullish for status quo...only change would occur if these folks "life of luxury" was cut in half or cut off.

Mon, 12/05/2011 - 14:31 | 1947361 VyseLegendaire
VyseLegendaire's picture

Obama's like the Oprah of Cheeze Whiz. 

Mon, 12/05/2011 - 14:32 | 1947363 FoieGras
FoieGras's picture

Much better than "Millions of Americans on food stamps" is of course "Percentage of population on food stamps" because that would adjust for population growth.

Mon, 12/05/2011 - 14:34 | 1947376 razorthin
razorthin's picture

Not really.  It's the same slope.  Lethargy breeds lethargy.

Mon, 12/05/2011 - 14:32 | 1947366 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Charts are showing a major selloff coming at the close.  Bernanke and his PWG better hold the line or else today will look plain stupid.

Mon, 12/05/2011 - 14:33 | 1947368 Dr. Acula
Dr. Acula's picture

It's almost time to invade Iran.

We need bread AND circuses.

 

Mon, 12/05/2011 - 14:36 | 1947392 uno
uno's picture

American circus is MTV, jersey shore, American Idol, Football, presidential elections, Black Friday

Mon, 12/05/2011 - 14:39 | 1947403 centerline
centerline's picture

Circuses seem to be the easy part.  It's the bread that will run out first.

Mon, 12/05/2011 - 14:51 | 1947484 Cash_is_Trash
Cash_is_Trash's picture

<golf clap>

Mon, 12/05/2011 - 14:34 | 1947370 bob_dabolina
bob_dabolina's picture

New EBT rap

"Obama keeps us gettin paid"

"now I can buy red kool aid"

 

http://www.youtube.com/watch?v=6RhQsRKsU0M

And that's it America. Hope and Change

Mon, 12/05/2011 - 14:34 | 1947373 Deadpool
Deadpool's picture

there was a rule change in FSs this year. even you can get them and JPM makes money issuing the card.

Mon, 12/05/2011 - 14:34 | 1947375 Dr. Engali
Dr. Engali's picture

Helps the Morgue's bottom line and that's the important thing right? Recapitalizing the banks?

Mon, 12/05/2011 - 14:34 | 1947380 HD
HD's picture

Hey, can you order pizza with food stamps?

Mon, 12/05/2011 - 14:38 | 1947402 Village Smithy
Village Smithy's picture

Yes, but it has to be frozen so that you "prepare" it at home.

Mon, 12/05/2011 - 14:48 | 1947411 bob_dabolina
bob_dabolina's picture

Take your lipitor before watching this. (different vid then the one I posted above)

http://www.youtube.com/watch?v=NzspsovNvII&feature=related

Mon, 12/05/2011 - 15:25 | 1947689 Jena
Jena's picture

I want my money back.

Mon, 12/05/2011 - 14:35 | 1947387 lolmao500
lolmao500's picture

Bullish for JPMorgan.

/not sarcasm

Mon, 12/05/2011 - 14:35 | 1947388 tawdzilla
tawdzilla's picture

what is the ticker symbol for foodstamps?  i wanna buy that stock.

Mon, 12/05/2011 - 14:36 | 1947391 Iriestx
Iriestx's picture

lI believe ObamaCorp. is the primary manufactuer of them.  Go long ObamaCorp.

Mon, 12/05/2011 - 16:28 | 1948010 Scalaris
Scalaris's picture

By next year expect outsourcing of food-stamp manufacturing to China in order to keep up with the increasing supply with cheaper labor.

Mon, 12/05/2011 - 14:40 | 1947390 Mercury
Mercury's picture

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.

Why would Obama ever want this number to go down?

For better or worse, food stamps = wealth transfer, pure and simple. 

Coming soon: healthcare stamps, childcare stamps, college stamps, job stamps...

One man's symptom of failure is another man's symbol of success.

Mon, 12/05/2011 - 14:41 | 1947415 css1971
css1971's picture

Coming soon: healthcare stamps, childcare stamps, college stamps and job stamps...

AKA money.

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