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Are Food Stamps the Soup Lines of this Great Recession?
Posted By admin On December 11, 2009 @ 5:46 am In Money Watch | Comments Disabled
Washington’s Blog 
Friday, Dec 11th, 2009
Bloomberg notes  that, as of 2007:
In Missouri, about 100 percent who were eligible [for food stamps] that year took advantage of the program, the highest rate in the nation, followed by residents of Maine and Michigan, at 91 percent and 89 percent, respectively …
Things have gotten much worse since 2007:
As the New York Times notes , “one in eight Americans and one in four children” receive food stamps.
I hope they are wrong, or that – if we were in a depression – we’re out of it now.
But it is indisputable that the unemployment numbers are still grim. Specifically:
Given the above, Stacy Herbert’s question  of today is compelling:
The food stamps story seems to be one that keeps popping up; I guess food stamps are the soup lines of this Great Depression?
Note: At least some economists say  that food stamps give more bang for the buck in stimulating the economy than just about anything else. And see this . But economic, political and moral questions surrounding food stamps are beyond the scope of this essay.
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URL to article: http://www.prisonplanet.com/are-food-stamps-the-soup-lines-of-this-great-recession.html
URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2009/12/are-food-stamps-soup-lines-of-this.html
 notes: http://www.bloomberg.com/apps/news?pid=20601012&sid=aFbqGE.lEdi0
 Image: http://www.mybudget360.com/wp-content/uploads/2009/11/food-stamps.png
 notes: http://www.nytimes.com/2009/11/29/us/29foodstamps.html
 this: http://www.washingtonsblog.com/2009/10/has-government-sowed-seeds-for-green.html
 this: http://www.zerohedge.com/article/david-rosenbergs-2010-outlook-recession-really-depression
 this: http://www.washingtonsblog.com/2009/10/moodys-bank-loan-loss-rate-worse-than.html
 More people: http://www.washingtonsblog.com/2009/01/more-people-will-be-unemployed-than.html
 permanent loss of jobs: http://www.washingtonsblog.com/2009/12/has-america-suffered-permanent-loss-of.html
 worse: http://www.washingtonsblog.com/2007/08/unemployment.html
 said: http://www.washingtonsblog.com/2009/10/biden-this-is-depression-not-recession.html
 question: http://maxkeiser.com/2009/12/10/derivatives-suspensions-and-food-stamps/
 say: http://www.washingtonsblog.com/2008/12/most-bang-for-buck.html
 this: http://www.washingtonsblog.com/2009/09/steve-keen-out-thinks-larry-summers.html
 Image: http://www.prisonplanet.com/2009_christmas_special.htm
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