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June Foodstamp Recipients Hit All Time High As Three Times As ManyAmericans Enter Poverty As Find Jobs
Canadians watch as the USA goes down the toilet.
Serves you right for starting 2 illegal "wars" that you couldn't pay for. What were you thinking? ================================== http://www.zerohedge.com/news/june-f...erty-find-jobs June Foodstamp Recipients Hit All Time High As Three Times As Many Americans Enter Poverty As Find Jobs Following a brief period in which it seemed that US foodstamp recipients may have peaked, with those living in poverty maxing out at 46.514 million in December 2011, and then declining modestly for the next few months, June saw a new surge in those Americans living in poverty and thus eligible for foodstamps, with 173,600 new entrants into the system, bringing the total to a new all time high of 46.670 million and once again rising fast. ======================= http://www.zerohedge.com/sites/defau...mps%20June.jpg Graph showing number of americans on food stamps from October 2005 to June 2012 http://www.zerohedge.com/sites/defau...households.jpg Graph showing number of households getting foodstamps and benefits ($) per household from October 2009 to June 2012 ======================= Furthermore, with subsequent emergency events affecting the heartland due to the drought, the administration has made sure even more Americans will be eligible going forward. As a result expect the July and August numbers to promptly surpass 47 million on their way to the psychological resistance level of 50 million. Indicatively, the 173,600 increase in Foodstamps recipients in June was three times greater than Americans finding jobs (64,000, most of which part-time) according to the BLS. Finally, a new record was also breached for American households on foodstamps, which now hit 22.4 million, an increase of 106,298 households. The average benefit per household decline once more, this time to $276.5. Not an all time low, but just above it. |
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