increase

45 million people in 2011 received food stamps, a 70% increase from 2007

Friday, April 27, 2012 by: J. D. Heyes
Tags: food stamps, increase, America

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
Malaysia Airlines Flight 370 now clearly a government cover-up: All evidence contradicts official story
White House admits staging fake vaccination operation to gather DNA from the public
10 other companies that use the same Subway yoga mat chemical in their buns
High-dose vitamin C injections shown to annihilate cancer
Irrefutable proof we are all being sprayed with poison: 571 tons of toxic lead 'chemtrailed' into America's skies every year
EXCLUSIVE: Natural News tests flu vaccine for heavy metals, finds 25,000 times higher mercury level than EPA limit for water
Truvia sweetener a powerful pesticide; scientists shocked as fruit flies die in less than a week from eating GMO-derived erythritol
Senator who attacked Doctor Oz over dietary supplements received over $146,000 in campaign contributions from Big Pharma mega-retailer and Monsanto
Global warming data FAKED by government to fit climate change fictions
U.S. treating meat with ammonia, bleach and antibiotics to kill the '24-hour sickness'
Ben and Jerry's switches to non-GMO, Fair Trade ice cream ingredients
Battle for humanity nearly lost: global food supply deliberately engineered to end life, not nourish it
Diet soda, aspartame linked to premature deaths in women
Elliot Rodger, like nearly all young killers, was taking psychiatric drugs (Xanax)
Cannabis kicks Lyme disease to the curb
Harvard research links fluoridated water to ADHD, mental disorders
Right to farm being stripped from Americans: Michigan to criminalize small family farms with chickens, goats, honey bees and more
Monsanto's seed imperialism halted in Canada thanks to massive protests
Delicious
(NaturalNews) In what can only be described as a sign of the harsh economic times, new data shows that tens of millions more Americans have been placed on public assistance since the Great Recession began in 2008.

According to a report from the non-partisan Congressional Budget Office (CBO), the number of Americans receiving Supplemental Nutrition Assistance Program (SNAP) benefits - formerly known as food stamps - grew to a staggering 45 million people in fiscal year 2011 (Oct. 1, 2010 - Sept. 30, 2011).

That's an increase of 70 percent since 2007, the CBO said, noting that the cost of the program to taxpayers grew exponentially at the same time - from $30 billion from about four years ago to $72 billion last year.

Worse, CBO analysts said things don't appear to be getting better anytime soon. In fact, the budget agency believes SNAP rolls will continue to grow at least through 2014.

While about 20 percent "of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the" 2009 stimulus program, CBO said, much more of it - fully two-thirds - was a result of more people participating in the program.

"Labor market conditions deteriorated dramatically between 2007 and 2009 and have been slow to recover; since 2007, both the number of people eligible for the program and the share of those who are eligible and who participate in the program have risen," CBO said.

Economic growth stagnant, abysmal

Most Americans know how bad the jobs and economic situation in the U.S. have gotten, but it's always easier to put things in perspective when you have the numbers in front of you.

From 2008 through 2011, a NaturalNews investigation found that unemployment averaged 8.4 percent during that period, according to the Department of Labor's Bureau of Labor Statistics (historically, the U.S. unemployment rate has been closer to 4.5 percent over the years).

Meanwhile, real wage growth has been stagnant to abysmal. In fact, the increase in total private-sector wages, adjusted for inflation, from the start of 2001 until 2011, has fallen short of any 10-year period since World War II, according to Commerce Department data.

Overall, the economy has consistently underachieved since 2008.

"The economy still faces a long and difficult climb out of the jobs hole created by the recent recession. The private sector created, on average, about 162,000 jobs a month in the past 25 months -- a pace somewhat faster than population growth. That has contributed to a decline in the unemployment rate, but much faster job growth will be needed to restore normal labor force participation," says an assessment of U.S. economic growth by the Center on Budget and Policy Priorities.

Good times not ahead?

The CBO report boldly predicts that SNAP rolls and expenditures will begin to fall after 2014 because the economy should be improving by then. Any growth would be good, but clearly, according to a number of economists, growth must be substantial in the coming months and years to reverse the incredible loss of jobs, capital and wages over the past four years.

University of Maryland economics professor Peter Morici says the U.S. economy grew by an anemic 1.7 percent in all of 2011 - fully two years after President Obama's stimulus package was supposed to lower unemployment to well below 8 percent and create millions of new jobs. Neither has happened.

"Recent consumer spending and other data indicate growth slowed a bit in the first quarter, to 2 percent or 2.5 percent. If productivity gains are only modest, this pace will support job gains in the range of 200,000 a month through the spring," he wrote earlier this month.

"Two hundred thousand a month is hardly enough to replace all those jobs lost during the Great Recession and provide opportunities for new graduates looking for work. Unemployment is expected to remain at about 8.3% and could begin creeping up again this summer."

This means, in essence, that without a substantial reversal in economic fortunes, the nation will continue to shell out a record amount of dollars to those who continue to struggle.

Sources for this article include:

http://www.cbo.gov/publication/43175

http://blogs.wsj.com

http://www.infoplease.com/ipa/A0104719.html

http://www.cbpp.org/cms/index.cfm?fa=view&id=3252

Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.