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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.

 


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Mon, 12/05/2011 - 14:23 | Link to Comment Cassandra Syndrome
Cassandra Syndrome's picture

Yes We Can Bitchez

Mon, 12/05/2011 - 14:25 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Redistribution of wealth!

Mon, 12/05/2011 - 14:26 | Link to Comment Pladizow
Pladizow's picture

Oh, Snap!

Mon, 12/05/2011 - 14:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Mauibrad
Mauibrad's picture

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

Mon, 12/05/2011 - 17:24 | Link to Comment Mauibrad
Mauibrad's picture

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

Mon, 12/05/2011 - 18:30 | Link to Comment 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 | Link to Comment john39
john39's picture

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

Mon, 12/05/2011 - 14:37 | Link to Comment 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 | Link to Comment CPL
CPL's picture

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

Mon, 12/05/2011 - 15:35 | Link to Comment marsdefIAnCe
marsdefIAnCe's picture

TL;DR admirality law everywhere, suck it corporate slaves

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

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

Mon, 12/05/2011 - 16:35 | Link to Comment 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 | Link to Comment 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 | Link to Comment Dr. Acula
Dr. Acula's picture

We Can Has Cheezburger?

 

Mon, 12/05/2011 - 14:31 | Link to Comment DOT
DOT's picture

I can haz ur cheeseburger ?

Mon, 12/05/2011 - 14:38 | Link to Comment CPL
CPL's picture

I 8 yur burgerz

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

Wis pickles!

Mon, 12/05/2011 - 15:26 | Link to Comment MachoMan
MachoMan's picture

and creepy euro mayonaise

Mon, 12/05/2011 - 18:23 | Link to Comment 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 | Link to Comment Seasmoke
Seasmoke's picture

Can of Spam

 

Mon, 12/05/2011 - 14:28 | Link to Comment defn8Dog
defn8Dog's picture

Without doubt, the best ticker ever:  HRL.

Mon, 12/05/2011 - 14:38 | Link to Comment Flakmeister
Flakmeister's picture

All that is missing is U....

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

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

Mon, 12/05/2011 - 15:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment udecker
udecker's picture

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

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

Hence, no revolution.

Mon, 12/05/2011 - 20:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Deadpool
Deadpool's picture

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

Mon, 12/05/2011 - 15:14 | Link to Comment ghengis86
ghengis86's picture

How to cook [for(ty)] humans.

Kang and Kodos FTW!

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

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

Tue, 12/06/2011 - 05:55 | Link to Comment StychoKiller
StychoKiller's picture

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

Mon, 12/05/2011 - 14:22 | Link to Comment Seasmoke
Seasmoke's picture

The Foodstamp President.....i like that

Mon, 12/05/2011 - 15:12 | Link to Comment Sudden Debt
Sudden Debt's picture

YES WE STAMP!

Mon, 12/05/2011 - 14:23 | Link to Comment pepperspray
pepperspray's picture

feed me

Mon, 12/05/2011 - 14:24 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Fiddy is next up...

Mon, 12/05/2011 - 14:24 | Link to Comment 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 | Link to Comment drbill
drbill's picture

How do I sign up?

Mon, 12/05/2011 - 14:27 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

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

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

benefits.gov

My favorite website, after Zerohedge.

 

Mon, 12/05/2011 - 14:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment DaveyJones
DaveyJones's picture

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

Mon, 12/05/2011 - 14:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fnordfnordfnord
fnordfnordfnord's picture

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

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

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

Mon, 12/05/2011 - 18:16 | Link to Comment 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 | Link to Comment Sophist Economicus
Sophist Economicus's picture

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

Mon, 12/05/2011 - 15:54 | Link to Comment Chump
Chump's picture

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

Mon, 12/05/2011 - 14:51 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Oxygen
Oxygen's picture

It's transitory

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

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

Mon, 12/05/2011 - 14:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment surf0766
surf0766's picture

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

Mon, 12/05/2011 - 14:29 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment DaveyJones
DaveyJones's picture

long soup and cat food

Mon, 12/05/2011 - 15:07 | Link to Comment pods
pods's picture

Or Long Cat Soup for Food?

pods

Mon, 12/05/2011 - 15:15 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment pods
pods's picture

Doubleplusbullish!

pods

Mon, 12/05/2011 - 14:26 | Link to Comment dwilso39
dwilso39's picture

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

Mon, 12/05/2011 - 14:47 | Link to Comment PulauHantu29
PulauHantu29's picture

Is that why all the Central Banks are buying gold?

Mon, 12/05/2011 - 14:26 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Must keep the debt slaves and pod army fed.

Mon, 12/05/2011 - 14:27 | Link to Comment defn8Dog
defn8Dog's picture

No bifurcated society here.

Mon, 12/05/2011 - 14:40 | Link to Comment 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 | Link to Comment A Lunatic
A Lunatic's picture

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

Mon, 12/05/2011 - 15:44 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment bugs_
bugs_'s picture

Americans or residents?

Mon, 12/05/2011 - 14:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Iwanttoknow
Iwanttoknow's picture

While the 0.15 % rake the taxpayers.

Mon, 12/05/2011 - 15:40 | Link to Comment 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 | Link to Comment kito
kito's picture

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

Mon, 12/05/2011 - 14:34 | Link to Comment 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 | Link to Comment Dr. Acula
Dr. Acula's picture

SCHNAPPS

Spirits CHasers 'N' Ale Public Provisioning System

 

Mon, 12/05/2011 - 17:23 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment non_anon
non_anon's picture

future O voters

Mon, 12/05/2011 - 14:30 | Link to Comment 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 | Link to Comment smiler03
smiler03's picture

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

Mon, 12/05/2011 - 14:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment VyseLegendaire
VyseLegendaire's picture

Obama's like the Oprah of Cheeze Whiz. 

Mon, 12/05/2011 - 14:32 | Link to Comment 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 | Link to Comment razorthin
razorthin's picture

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

Mon, 12/05/2011 - 14:32 | Link to Comment 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 | Link to Comment Dr. Acula
Dr. Acula's picture

It's almost time to invade Iran.

We need bread AND circuses.

 

Mon, 12/05/2011 - 14:36 | Link to Comment uno
uno's picture

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

Mon, 12/05/2011 - 14:39 | Link to Comment 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 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

<golf clap>

Mon, 12/05/2011 - 14:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment HD
HD's picture

Hey, can you order pizza with food stamps?

Mon, 12/05/2011 - 14:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment Jena
Jena's picture

I want my money back.

Mon, 12/05/2011 - 14:35 | Link to Comment lolmao500
lolmao500's picture

Bullish for JPMorgan.

/not sarcasm

Mon, 12/05/2011 - 14:35 | Link to Comment tawdzilla
tawdzilla's picture

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

Mon, 12/05/2011 - 14:36 | Link to Comment Iriestx
Iriestx's picture

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

Mon, 12/05/2011 - 16:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment css1971
css1971's picture

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

AKA money.

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