Zero Hedge ^ | July 27, 2012
America's transition into a welfare state continues, as May saw a new all time high number of American households, 22.3 million to be exact, enter technical poverty and collect foodstamps. At the individual level, 46.5 million Americans lived off foodstamps, a 222,157 increase in the month, or nearly three times the number of people who found jobs in June according to the BLS. Next month this too will be a record, as it is currently just 17,367 before the previous all time high set in December of 2011. The good news, and we use the term loosely, is that the average benefit per household rose from all time lows of $275.82 to $276.76. Surely, the bottom is in and just like housing, there is on blue skies ahead.
And before we go, here is the total number of Americans on disbility: 8,753,935.
Combined foodstamp and disability recipients: 55,250,723
DIOGENES invites you to pull up a chair on this fine day and read posts from around the world. The writing may lean to the right...but that's the way Diogenes wants it! You may leave your opinion, but Diogenes rarely changes his! WELCOME!
-
Free Government ^ | 1997 | Sraff Free government assisted cell phone programs have become more popular, in part, due to the poor economy ...
-
The Dems went down to Georgia They was looking for a seat to steal They were in a bind, 'cause they were way behind They were willing t...