| With subsequent emergency events affecting the heartland due to the drought, the administration has made sure even more Americans will be eligible for Foodstamps. As a result, expect the July and August numbers to promptly surpass 47 million on their way to the psychological resistance level of 50 million. Indicatively, the 173,600 increase in Foodstamps recipients in June was three times greater than Americans finding jobs (64,000, most of which part-time). Finally, a new record was also breached for American households on foodstamps, which now hit 22.4 million, an increase of 106,298 households. |
Read the rest of the story HERE:
At www.zerohedge.com
At www.zerohedge.com
