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Record Number Of US Households On Foodstamps

Tyler Durden's picture




 

Last month, when the USDA released the latest foodstamps numbers for the month of February, there was some hope that following a third month of declines, we may just have seen the peak of US foodstamp usage and going forward we would only see the number decline. Sadly, the latest numbers refutes this: in March a total of 46,405,204 persons were at or below poverty level and thus eligible for foodstamps, a 79K increase in the month. Yet while many individuals have learned to game the system, and this numbers at the peak may fluctuate, when it comes to the far more comprehensive and difficult to fudge "households on foodstamps" number, there was no confusion: at 22,257,647, the number of US households receiving the "SNAP treatment" rose to an all time high, even as the benefit per household dropped to the second lowest ever. At least all these impoverished believers in hope and change have FaceBook IPO profits to look forward to. Oh wait.

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Mon, 06/04/2012 - 17:14 | 2493554 Thomas
Thomas's picture

More importantly, where are the snorgtee ads?

Mon, 06/04/2012 - 17:22 | 2493587 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Silly peasants! Let Them Eat Hope!!

Mon, 06/04/2012 - 17:47 | 2493677 FlyoverCountryS...
FlyoverCountrySchmuck's picture

I gots me an OBAMA MONEY STASH/EBT Card, and that Patron tasted awfully good last weekend.

Thanks for payin' fo it, SUCKER.

Mon, 06/04/2012 - 17:53 | 2493707 WoodMizer
WoodMizer's picture

Let them EBT.

the slogan for Obama 2012

Mon, 06/04/2012 - 18:33 | 2493847 Satan
Satan's picture

Let them keep the change.

Mon, 06/04/2012 - 17:39 | 2493639 reTARD
reTARD's picture

Thank you for mentioning the Snorgtee ads. I missed them too and now adsense has them back again!

Mon, 06/04/2012 - 18:19 | 2493806 Thomas
Mon, 06/04/2012 - 18:40 | 2493868 Texas Ginslinger
Texas Ginslinger's picture

Snorgtee ads rock...........

Tyler,  we need more of em...............

Mon, 06/04/2012 - 17:40 | 2493646 Eireann go Brach
Eireann go Brach's picture

Guess who is in charge of this SNAP program..yes JP Morgan, so you know it is fucked up and they have a profit machine behind it. If you are looking for the cause of many of the worlds problems, look no further than the Squid or the Whale! I hear they eat babies too!

Tue, 06/05/2012 - 00:37 | 2494827 OccupyTVstations
OccupyTVstations's picture

Not only does JPM profit off this, they outsourced the jobs to India! It's so absurd a third grader can readily see the lunacy, but 'surprisingly' our politicians cannot.

Is it time to surround the TV stations yet? Time to Shame the sellout newsreaders into breaking ranks and speaking facts not on their telepromters?

Wed, 06/06/2012 - 15:34 | 2500615 mkkby
mkkby's picture

7 weeks 6 days.  No wonder you're so dumb.  The politicians aren't stupid - they're corrupt.  They only seem stupid if you think they work for you.  They don't.  They work for the lobbyists, mainly the bankers.

Occupy ZH for a while longer before making any more of a fool of yourself.

Mon, 06/04/2012 - 18:28 | 2493838 Clever Name
Clever Name's picture

And why cant I ever see their feet?

Mon, 06/04/2012 - 18:32 | 2493846 Citxmech
Citxmech's picture

No Ashley Pridgen for you!

Until further notice you will only get MetLife and Ameritrade ads.

Mon, 06/04/2012 - 19:08 | 2493943 Freddie
Freddie's picture

Hope & Change.  

The Tylers need more Snorg Tees and the other T Shirt company they are running banners for. I cannot rememberthe othe rcompany's name but the girls have bigger busoms.

Mon, 06/04/2012 - 19:26 | 2493989 jus_lite_reading
jus_lite_reading's picture

Is it just me or do you see more and more "EBT accepted here" signs everywhere? Costco, BJ's, Stop and Shop, Kings, Shop Rite etc etc etc.... it's as if the gubmint is "secretly" bailing out the retail chains... hmm

Mon, 06/04/2012 - 19:33 | 2494006 Moe Howard
Moe Howard's picture

You are correct. Also, look at what you can buy now with SNAP, bbq chicken wings and other snack foods, already prepared. Can't make your own wngs when you are busy being unemployed.

Wed, 06/06/2012 - 15:41 | 2500634 mkkby
mkkby's picture

These EBT zombies are the best retail customers.  No price sensitivity for free shit.  No wonder the signs are going up everywhere.

Mon, 06/04/2012 - 21:03 | 2494272 pods
pods's picture

I actually saw an "EBT accepted here" on a gas pump in central PA last week!

pods

Mon, 06/04/2012 - 20:29 | 2494168 takeaction
takeaction's picture

Gentlemen I have to weigh in on this one.  At our Car Stereo store in Oregon people are now paying for their stereo systems with their EBT card.  In Oregon we call it the "Oregon Trail" card.  When this first started happening a few months ago...I was astonished.  $400 stereo paid for with the Food Stamp card.  I asked some people how you could do this, and they explained to me that each person that has one of these cards receives a percentage as a "Cash Benefit" for necessities that are not food.  Well boys...looks like their are no real enforceable rules in this game.  Nothing really surprises me any more....except some of the hilarious comments on ZH.  NOTE:We do not take the cards directly, these people use the ATM in our store and receive cash.  Your tax dollars at work putting booming systems in the old Cutlass.  LOL...and for your enjoyment...take a look at this...

http://www.king5.com/news/investigators/13-thousand-welfare-recipients-a...

Mon, 06/04/2012 - 22:43 | 2494624 DaveyJones
DaveyJones's picture

cool, they're using tax dollars just like their elected officials

Mon, 06/04/2012 - 20:53 | 2494254 UH-60 Driver
UH-60 Driver's picture

Most of these "poor" are victims of their own vote.

The amatuer President will help with hope, change, and Machiavellian Politics.

I do try to hide my pleasure and glee whilst minding another's pain and misfortune from their own actions. 

 

 

Mon, 06/04/2012 - 17:18 | 2493569 BandGap
BandGap's picture

Wonder how many of these people are employed in government positions, thus are double dipping.

Mon, 06/04/2012 - 17:19 | 2493572 cossack55
cossack55's picture

At least with reduced benefits they will also be able to reduce their intake of Monsanto GMO poison.

Mon, 06/04/2012 - 17:39 | 2493643 Matt
Matt's picture

The fact that these families need less money to buy food each month is a clear sign of Deflation. Hurry Ben, get inflation back to 2 percent!

/sarc

Mon, 06/04/2012 - 19:29 | 2493998 jus_lite_reading
jus_lite_reading's picture

FYI, I believe very soon you will see that a direct connection between Monsatan GMO products and diabetes/obesity will be establisshed as commonplace. Even Walmart shoppers won't eat that shit when they find out it's killing them slowly!!

Here's some good news for justice

http://www.rt.com/news/monsanto-brazil-seed-soy-908/

5 million Brazilian farmers sue Monsatan...

You ain't seen nuttin yet!!

Mon, 06/04/2012 - 22:49 | 2494638 DaveyJones
DaveyJones's picture

Everyone needs to sue Monsanto. GMOs are, hands down, the largest human mistake 

Mon, 06/04/2012 - 17:20 | 2493578 meatball
meatball's picture

The peasants will revolt sooner or later.

Mon, 06/04/2012 - 17:20 | 2493580 Robslob
Robslob's picture

Then Walmart and JPMorgan should be celebrating this revelation!

There are without a doubt the 2 largest benefactors of the SNAP program.

Mon, 06/04/2012 - 17:24 | 2493590 Rainman
Rainman's picture

Liquor store owner doin good too

Mon, 06/04/2012 - 17:39 | 2493642 veyron
veyron's picture

I was under the impression that JPM couldn't charge fees on those transactions ...

 

"It is illegal for anyone to charge sales tax, surcharges or card processing fees from an EBT SNAP account, according to federal law and USDA SNAP Guidelines." <-- http://www.fns.usda.gov/snap/retailers/pdfs/Retailer_Training_Guide.pdf

[edit] 
Mon, 06/04/2012 - 17:42 | 2493655 Matt
Matt's picture

Maybe they just pocket anything that comes out under a full cent, like in Superman 2 or how FX trading services make their money by taking anything smaller than a pip.

Mon, 06/04/2012 - 17:53 | 2493706 toady
toady's picture

I heard the .gov side pays the transaction fees, so that part is 'free'.

Mon, 06/04/2012 - 19:13 | 2493950 Dr. Richard Head
Dr. Richard Head's picture

Jamie "I Don't Follow Rules" Dimon being held back by regulations? There's a campaign contribution for that.

Then again, you can listen to one of their representatives for yourself. http://www.youtube.com/watch?v=wgokq_nCmow

Carry on.

Mon, 06/04/2012 - 19:36 | 2494010 Moe Howard
Moe Howard's picture

How would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up? Unfortunately, this is something that is actually true. In the United States today, one out of every seven Americans is on food stamps. In fact, the number of Americans on food stamps has increased by a whopping 14 million since Barack Obama entered the White House. All of this makes JP Morgan very happy, because JP Morgan has been making money by the boatload on food stamps. Right now, JP Morgan Chase issues food stamp debit cards in 26 U.S. states and the District of Columbia. The division of JP Morgan Chase that issues these debit cards made an eye-popping 5.47 billion dollars in net revenue during 2010. JP Morgan is paid per customer, so when the number of Americans on food stamps goes up, they make more money. But doesn't this give JP Morgan an incentive to try to keep the number of Americans on food stamps as high as possible? Of course it does. JP Morgan is interested in making money as rapidly as possible. If JP Morgan can get more Americans enrolled in the food stamp program and keep them enrolled in it for as long as possible, that is good for business.

And the Obama administration is certainly doing what it can to help out. Even though a whopping 46 million Americans are now on food stamps, the Obama administration plans to give out large amounts of money to organizations that are able figure out ways to get even more people enrolled in the program....

Mon, 06/04/2012 - 20:12 | 2494115 Temporalist
Temporalist's picture

What kind of stooge are you?  That wasn't even funny.

Wed, 06/06/2012 - 15:51 | 2500672 mkkby
mkkby's picture

Read the article more closely. 22 million on food stamps, not 46 million.

Mon, 06/04/2012 - 17:28 | 2493601 urbanelf
urbanelf's picture

Here in California, we prefer to call it "CalFresh".

 

I shit you not. 

Mon, 06/04/2012 - 17:35 | 2493624 Rainman
Rainman's picture

I feel ya.....shoulda called it CalFukked

Mon, 06/04/2012 - 20:49 | 2494243 AetosAeros
AetosAeros's picture

Okay, don't blame me for my history.... I used to work as an eligibility specialist for SNAP, Child Care, Financial Assistance, and Medicaid.....

We used to call our clients EBT cards 'Ghetto Visa's'.

 

LMAO for a while when I first heard my Supervisor refer to one as that.

Mon, 06/04/2012 - 17:34 | 2493619 reTARD
reTARD's picture

Do not disturb. Socialism in progress.

Tue, 06/05/2012 - 07:35 | 2495190 kralizec
kralizec's picture

Stop the engine, get everybody on.

Mon, 06/04/2012 - 17:35 | 2493626 Olympia
Olympia's picture

The over-profits of the shark loans in the USA not only did not turn their dollars into inflationary money, but also they were multiplied and exported abroad in the form of “investments”. The illegally “increased" dollars of the internal USA economy become tons of “investments” abroad. FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing” ...the first state that burdened the international economy with its “breathing” ... and this is where everything started ...this is where the current shabbiness started, Loan sharks that are international today and “hide” behind the vague term of “Markets” are in fact the old loan sharks of the American market. They by controlling the USA monetary system “pumped in air” constantly in order to make profit from the USA “breathing”.

 

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

 

 

Authored by PANAGIOTIS TRAIANOU

Mon, 06/04/2012 - 17:36 | 2493631 davinci7_gis
davinci7_gis's picture

If they can't pass a drug test, they shouldn't get food stamps!

Mon, 06/04/2012 - 17:49 | 2493685 FlyoverCountryS...
FlyoverCountrySchmuck's picture

You must be a RASSIS!! Or a 'phobe, or sumpin.

Mon, 06/04/2012 - 20:12 | 2494113 NumberNone
NumberNone's picture

I'm all for getting the losers off of the taxpayer teat, but let's get real, reducing the foodstamp rolls would dramatically reduce the revenue of some huge corporations.  I've come to the conclusion that the poor are in part a magician's misdirection by the food companies, grocery stores, JP Morgan, government services, etc...to give the American taxpayer a place to direct their anger while behind the scenes they rape us of billions.  Why else would Yum! brands and Starbucks want their cut?? 

Foodstamps give huge corporations a direct line into our wallets without us ever having to enter a grocery store to buy their products.  Fuck all of 'em. 

http://articles.businessinsider.com/2011-12-02/news/30466462_1_food-stamps-supplemental-nutrition-assistance-program-hot-food

Mon, 06/04/2012 - 22:50 | 2494639 Tijuana Donkey Show
Tijuana Donkey Show's picture

If you can't pass a food test, you shouldn't get drug stamps. HFCS=Medical treadmill. Eat yo greens bitchez!

Wed, 06/06/2012 - 15:53 | 2500681 mkkby
mkkby's picture

I'd rather see a different needs test. No able bodied adults who could be working at something.  Only the truely disabled, and then make it a decent amount.

Mon, 06/04/2012 - 17:43 | 2493634 Samual Adams
Samual Adams's picture

So I have a Depends Ad from Walmart staring at me from the left side ad space.   Google must be expecting me to shit my pants sometime soon.  And only wants to protect me.

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