What a quaint idea - for a third-world country...
Last month, when the USDA released the latest foodstamps numbers for the
month of February, there was some hope that following a third month of
declines, we may just have seen the peak of US foodstamp usage and going
forward we would only see the number decline.
Sadly, the latest numbers refutes this: in March a total of 46,405,204
persons were at or below poverty level and thus eligible for foodstamps,
a 79K increase in the month.
Yet while many individuals have learned to game the system, and this
numbers at the peak may fluctuate, when it comes to the far more
comprehensive and difficult to fudge "households on foodstamps" number,
there was no confusion: at 22,257,647, the number of US households
receiving the "SNAP treatment" rose to an all time high, even as the
benefit per household dropped to the second lowest ever.
At least all these impoverished believers in hope and change have
FeceBook IPO profits to look forward to. Oh wait.