There are 115 million households in the entire U.S. There are now 23.1 million of these households on food stamps. For the math challenged, that is exactly 20% of all the households in the country. When Obama became president there were 15 million households on food stamps. No one can deny that SNAP has been, by far, Obama’s most successful program. By the time he is done, I’m sure he can breach the 30 million household level. This is surely a sign of economic recovery. If these people had just played the stock market, they wouldn’t be so hungry. Let them eat gold!!!
US Households On Foodstamps Hit Record High
Submitted by Tyler Durden on 04/15/2013 12:19 -0400
Record Dow, record S&P, record debt, record plunge in gold, and now: record US households on foodstamps. What’s not to like. While today’s gold selloff may be confusing to everyone, one can scratch off some 23,087,886 US households, or the number that according to the USDA were on foodstamps in January and just happen to be a fresh all time high, as the likely sellers, especially when one considers that the average monthly benefit to each household dropped to a record low of $274.04. This number probably ignores, for good reason, the once every four years fringe benefits of Obamaphones and other such made in China trinkets.