Record 46 Million Americans Are on Food Stamps

Discussion in 'Economy' started by Nova78, Sep 6, 2012.

  1. Nova78
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    Nova78 Gold Member

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    Record 46 Million Americans Are on Food Stamps - CNBC

    The number of Americans on food stamps hit a record high in June, and economists don't expect much improvement as long as unemployment remains high.

    Those receiving benefits through the Supplemental Nutrition Assistance Program numbered 46.37 million, the government said in a report that hit just days ahead of the monthly nonfarm payrolls report, which the Labor Department releases Friday.

    The unemployment data is not really telling us the true story of how many people are underemployed," says Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Food stamps are "a good indication of how the income of the workforce has stagnated and more and more people are applying for food stamps."

    At least the great dictator assures us the private sector is doing fine.....:clap2::clap2:
     
  2. Rozman
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    Rozman Gold Member Supporting Member

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    You're not supposed to sat that....
    You're gonna get in trouble....
    Not supposed to call him the food stamp President....

    Oh wait...I said that....
    Now you got me in trouble. :mad:
     
  3. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    I say eliminate much of the moral hazard in food stamps by allowing them to be used only for a few basic nutritions foods.
     
  4. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    and Barry has doubled those on disability to 11 million in 3.5 years!
     

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