It’s Raining Foodstamps…..

Posted By on December 9, 2012

How about that!   Just over a mind-boggling 50 million Americans are living in absolute poverty while collecting the $134.29 average monthly benefit per person.    

Here’s a fictitious account of how food stamp day might go……..No time to work just got hooked up for some free money, gotta go wait in that long food stamp line, it goes down the street and around the corner, across a busy bridge and then up, over and around the river road to the big building with an American flag flying.  Hmm, think’in this might be more work then a job.    Oh well, finally got my food stamp money and it’s off to Walmart…what a crowd on food stamp night, finished up and heading back home where the mortgage is in default, but hey, it’s free rent until the banks get around to kicking everyone out, that should take a year or two or never.  Oh well, all of that hard work collecting my free food stamp money tires oneself out, so it’s time to relax and turn on the new big screen TV and have a nice sit down TV diner, then maybe a late snack.  Boy oh boy how time flies… on the first day of food stamps, who would have thunk it’s bed time already. Wow, been a tough tiring day.  Night night.   

The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August’s 421K new impoverished America, over 1 million Americans made the EBT card their new best friend. It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia. Instead what we do know is that in August and September, over three times as many foodstamp recipients were add to the economy as jobs (324,000). The US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working. Welcome to the recovery indeed.

Individual Americans on foodstamps Are at a new all time record…….

Foodstamps at the household level rose to a record 24 million:

Source: SNAP

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