Food Stamps Up - 1 in 7 Americans get `em

Discussion in 'Economics' started by TGregg, Dec 21, 2010.

  1. TGregg


    The use of food stamps has increased dramatically in the U.S., as the federal government ramps up basic assistance to meet the demands of an increasingly desperate population.

    The number of food stamp recipients increased 16% over last year. This means that 14% of the population is now living on food stamps. That's about 43 million people, or about one out of every seven Americans.

    In some states, like Tennessee, Mississippi, New Mexico and Oregon, one in five people are receiving food stamps. Washington, D.C. leads the nation, with 21.5% of the population on food stamps.

    "The high unemployment rate caused the high participation rate," said Dottie Rosenbaum from the Center for Budget and Policy Priorities, a think tank.

    More people on the public dole can only mean one thing for the markets, new highs! Yay! If we could just get everybody out of work then we could double the S&P 500. ;)
  2. Roark


    Weird, because:

    According to the U.S. Centers for Disease Control and Prevention, 34 percent of adults aged 20 and older are obese, and 34 percent are overweight. Among children, 18 percent of teens aged 12 to 19 are obese, 20 percent of children aged 6 to 11 are obese, as are 10 percent of kids aged 2 to 5.

    So 34% are obese and 14% are on food stamps. How about this for Obamacare, a new fat tax. Everybody that is overweight has to pay greater taxes, which are used to pay for food stamps. Hunger in the US will be eradicated.