US Food Stamp Usage Hits New Record

Tyler Durden's picture

As the European news flow overflow continues, it is useful to occasionally look at how America's own economy is doing. After all remember that the latest paradigm is that the US will decouple from everyone (as is always foolishly and erroneously assumed whenever the ROW turns lower) and carry the weight of the global economy on its own shoulders. So here is this month's refresh from the Supplemental Nutrition Assistance Program, which informs us that in August, a new all time record number of Americans, or 45.8 million, relied on food stamps for sustenance. So for those who are looking for those up and coming states where the population has decided that slowly but surely work of any kind is an anachronism we suggest you move to Alabama, Delaware, Utah, or Washington: all states that have seen at least a 3% sequential increase in food stamp usage. And, tangentially, confirming that this country's economy is headed straight to hell and won't pass go is the latest news from LPS according to which nearly 40% of loans in foreclosure have not made a payment in two years, and 72% have not made a payment in the past 12 month. Bullish for iPad purchases.

h/t John Lohman

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Unprepared's picture

Beats expectation ... Bullish

dwdollar's picture

We wouldn't want fat-ass America to lose enough weight and become mobile enough to take to the street or anything.

BurningFuld's picture

They must be fed crap to keep them weighted down. Good point. Hard to fight all that ballast.

GenX Investor's picture

Mmmmmmmm, gubment cheese is good for ya.

LongBalls's picture

I guess JPM has to make a profit somehow?

fourchan's picture

i cant find food or stamps in the constitution hmmmm

Mauibrad's picture

NY EBT cards used everywhere? report:  video:  

theMAXILOPEZpsycho's picture

I'm a european; however if I were american I would be looking round at all these fat people as a potenital food supply...

Hig on fat and low on lean protean, but beggers can't be choosers

krispkritter's picture

The collective toxic substances like sedatives, hypertension and high blood pressure medicines, cholesterol, and GMO-laced food by-products combined with a healthy assortment of mercury, flourides, lead, and various other envrionmental poisons would probably put you in a coma after your first All American(literally) Burger. I'd rather eat Chinese drywall...

pods's picture

The other, other white meat.

Long Pig!

pods

HungrySeagull's picture

You are damn right. My BMI is 22 and that is good enough.

 

I got rid of 60 pounds when I realized I could not out run a kid in the wally lot.

Hedge Fund of One's picture

... a kid trying desperately to keep from tripping on his knee-level pants, no doubt. :-)

FinHits's picture

Stamp-ede of the thundering herd.

Milestones's picture

Woody Herman fan.     Milestones

brew's picture

...and living on a steady diet of government cheese, when you're living in a van DOWN BY THE RIVER...

Temporalist's picture

That cannot be posted without an accompanying video clip:

http://www.youtube.com/watch?v=qxm3fqmRtQc

brew's picture

wonder if papy has matt foley in his basement to motivate the refferendum vote...

Jason T's picture

That's right.  That's what's left backing the Treasury that was used to buy food for the folks who get foods stamps.

Ruffcut's picture

"poop"

I call your poop and up the ante of all in fuckingthissuckssomuchiamgonnapuke poop.

 

Hungry people are not usually happy people. I'll tell ya what, I'm not currently hungry and this shit still does not make me happy. In fact, it makes me quite pissed off and frustrated and in want of ripping many peoples assholes into the abyss. I donate frequently to food banks and I can't carry this ball all alone.

treasurefish's picture

Loser Piece of Shit (LPS) is the poop.  I can't believe anyone would quote LPS with any credibility whatsoever.

Freddie's picture

Mugabe II's welfare state.

tempo's picture

I want my EBT card (Electronic Bank Transfer) since you get preferred express treatment at most fast food chains with an EBT card. This program will grow and grow since many industries benefit (banks, fast food, food processors/stores) and the Government since once on the program you want more and its much easier than working. If you screw with the EBT card, medicare, unemployment and/or financial aid for students there will be big trouble in the streets. So Tea baggers exactly what are proposing to cut???

philipat's picture

So there IS such a thing as a free lunch?

redpill's picture

Starving Americans don't matter.  Just don't let the fucking Greeks vote!  It's not like they are the cradle of democracy or something.  Get the riot gear on and break these whiners under the jackboot of European progress!

I Got Worms's picture

I read something a while back that really blew my doors off (will try to link later).  If I remember correctly, the jist was that the biggest lobbyist groups pressing for more and more food stamps for the po' folks is not agencies that represent the indigent like you would assume, but rather the grocery store chains themselves!! Wal Mart, HEB, Randalls, Krogers, etc. Then it dawned on me and made sense - these fucks don't care what kind of money buys their goods, whether it was a taxpayer subsidized freebie from the gubmint, or a paycheck given in return for labor. Just make sure they keep coming through the door and buying my goods, it don't matter what they pay with!  That is another reason I buy as much as I can at my farmer's market.

redpill's picture

Apply that to pharmaceuticals, bombs, and banking and you'll notice the stench gets even stronger.

BurningFuld's picture

Big corporations are just sooooo fucking greedy. Save money live better...Walmart. Havn't been through their doors in ummm fuck atleast 10 years.  And boy do I feel good about that.

redpill's picture

Corporations are profit machines, that's what makes them effective economic constructs.  It is easy to apply human emotions to them like greed, but doing so would be just as pointless as praising their charity (which is also done for marketing and image, just another cog in the machine).  The free market deals well with these issues when it is not distorted by government.

In the end, it was up to a vigilant electorate to prevent government from intruding into economic life to the point that the profit-machines that are corporations could buy their influence.  Without power there is no corruption.  We need a lot less power in this country.   The electorate failed and must redouble the effort to undo what has transpired or risk continuing down this dark spiral.

adr's picture

Ha! my local farmers market has been taking EBT and SNAP cards for a long time. SNAP has been the biggest boom market for grocery chains near urban centers in the history of the world. The average welfare family spends three times what a normal middle class family spends. Don't forget mommy and daddy aren't married so both of them can collect and you better bet both claim the kid.

I could only dream of buying the cartloads of presents one welfare mom dragged through Walmart the other day. 

Welfare and other keep em nonworking democratic voter programs probably account for 50% of consumer activity rght now. Us working middle class folk aren't buying jack.

Take a walk through your nearest welfare community. You'll see 50" TVs through every window and brand new Chevy Cruzes in every driveway. Poor, yeah right. How can you call a class of people poor when they have the highest rate of obesity? Seriously, I thought poor people were starving beggars with no home or amenities. Oh yeah those are people who don't know how to always vote big D and open their arms to papaBama handouts.

Lester's picture

Not quite the windfall you seem to believe.
Average amount of benefit per person is about $29 to $40 per month.

This link points out the calculations for an average family of 4 with average monthly income of $1200, the SNAP (foodstamps) bene is $228
http://www.ehow.com/how_5637204_calculate-food-stamp-allotment.html

In August 2010, The Big -O- cut the foodstamp budget by 25% in order to give that budgeted funding to several states which had insufficient funds to pay Public School Teachers.  Johnny can't read for many reasons, but one thing for sure he can't do is vote....

Figures a few months back were about 45M Americans on foodstamps.  Figure there are plenty of others who likely get a meal or two from the allotment and that the # of participants was about 30M in 2008 and you get an idea of what is happening in our Nation.

The President is handing out Trillions in TARP, and taking every dime of Fed Reserve projections they claim, and putting it on our backs and those getting stamps; but the fuck takes 25% of funding out of the Foodstamps Program?

johnnynaps's picture

My friend was a single mom of 3, with an income of 1200 a month. She received 600 a month. Another friend would sell his, he was getting 200 a month.

Glass Steagall's picture

You people do not seem to know WTF you're talking about.

Single dad - 3 kids... resorted to welfare (food stamps) when I couldn't find work in California (my home). I couldn't spend the amount of money they provided on my EBT card - no shit. It just kept rolling oven. While I was on 'welfare', at first, I spent modestly - only essentials... but then it became obvious - who cares? - if it ain't booze or smokes, Uncle Sam don't give a fuck!!!

I/we ate better on the gubment dime than we do now. I am off welfare (and outta California) and able to provide for my kids w/o ANY assistance of any kind (never collected a dime in u/e ins, disab, or any other assit in my 25+ years of paying into the system) and we are doing great. Had to get outta Orange County and don't get to dine at In-N-Out once in a while like I use to enjoy, but ya know what??? Aint no one else paying my freight or that of my kids WHICH I AM RESPONSIBLE FOR and they see the difference.

Just sayin'...

blunderdog's picture

adr:

I know it looks like the poor have it really great.  (I'm sorry you haven't managed to afford a 50" teevee yet, but it is a bit surprising, as large teevees really aren't that expensive these days.  Anyone as industrious as yourself should have no problem getting one.  Maybe if you work a bit harder, someday.)

MEANWHILE: I strongly encourage you to try poverty out. 

Quit your job, or even better, just punch your boss.  When you're fired, apply for unemployment and SNAP and every other benefit.  A few months of sitting at home and enjoying the "high life" of government-subsidized American poverty and I'm sure you'll begin to understand that it's not quite the luxurious lifestyle you seem to believe.

I collected foodstamps myself a few years ago, although it was when I was working a full-time job.  I could've bought a big teevee if I'd wanted to, though.  It's just that teevee fuckin' sucks.

Temporalist's picture

How about that JP Morgue is the largest SNAP card (food stamp) processor?  For everyone that goes on food stamps JP Morgue makes more FRNs!

Chrome Child's picture

Yep.

http://dailybail.com/home/jp-morgans-food-stamp-monopoly-the-more-americ...

JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes. Yes, you read that correctly.

Freddie's picture

Dude - it is worse than that.  You can use your food stamp credit card at McDonalds or other fast food places. I think this only recently was approved and McDonalds and Pepsico (KY Fried Chicken, Taco Bell, Pizza Hut) all lobbied hard to get it.

I am so fed up with grocery shopping when old white seniors have about 3 things in there cart while illegals and Obama voters have carts that are overflowing with crap.

TruthInSunshine's picture

The Romans had Bread & Circus.

We have SNAP/UE Benefits/Social Security & Monday Night Football/War with [insert paper tiger nation that we formerly armed and-or have copious amounts of oil here]/NatGeo Specials on How Obama single handedly took out OBL

redpill's picture

Eastasia is known to harbor and aid terrorists.

Your comment could potentially be interpreted as un-American. Please report to your nearest TSA re-education facility for treatment.

And remember citizen, if you see something, say something. 

pods's picture

Spot on TIS.  Spot on.  As always!

pods

TruthInSunshine's picture

Someone junked me, pods, maybe because they thought I have no compassion.

Au Contraire, bitchez.

Whoever junketh the above, beware that I have much compassion for the less fortunate, but maybe you should educate yourself as to how social programs like SNAP (administered at great profit by the likes of JP Morgan) merely allow for the postponement of the realization by the Sheeple of how very bankrupt the Global Banksters have driven us, via the use of errand boys/bagmen like The Bernank.