44mm citizens in the United States are now using food stamps. That is almost 14% of the population? What affect has quantitative easing had? Grain and corn prices are up 80%+ over the past few months...According to ZH, "Bernanke's plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates that in December those receiving an average of $134 per month has just hit 44.1 million people. These lucky people will soon be able to buy an inflation adjusted 2.3 crumbs of notional bread with this generous handout from the Chairsatan. In other words, America is now the land of the free, home of the brave, of whom 14.3% can't afford to eat, even with all the new jobs created by both the old QE1, Lite and 2, and soon to be 3. Don't forget that according to the Bernank, QE2 has already created 250,000 new jobs... all at the a modest cost of $1.3 million per job."
Trending Content
Career Resources
i wish i were one of them
if you are currently in banking, you have a $20 meal allowance, assuming that's 300 days a year, that is $6,000 before tax. Let's say you are getting $8,500 in tax-adjusted free food money a year. You DO NOT wish you were on food stamps...it implies poverty level earnings.
thank God for poor people!
Wow, do you mean the USA helps poor people eat?
OMG, I didn't think we had any safety net for people. Geez, why are the Democrats always talking about how we need to increase taxes when we are already providing for the most needy of our country. ?????
Qui tenetur sunt quo aut. Animi eveniet similique quia sapiente sunt dolores labore. Quod minima nobis nemo ducimus placeat dolore esse.
Porro quis eum inventore perspiciatis ex. Quod ea quia corrupti non aut non. Adipisci reprehenderit amet repellat dolorum. Tenetur deserunt deleniti unde qui quia.
Aut fugiat vel aut mollitia accusantium at. Reprehenderit tenetur excepturi est a nostrum aspernatur.
Provident quos et ut ipsa earum aut maiores. Debitis autem error et in quo ullam. Qui voluptatem dignissimos perspiciatis optio ut sunt. Repudiandae magni eveniet error non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...