Food Stamps Surging : 46 million And Growing

Given this figure to be correct, Mr Obama hailing the economy is roaring back leaves something in the weeds that he knows is not true, but he believe his words are enough to satisfy and alleviate the fears of the people that we will have another economic melt down. And if that's not enough there are more then 90 million people unemployed and underemployed. Wage increases are at a decade low if nonexistent. Labor participation rate is at a 30 low. Hey, what's to fear?

Does any of this matter? As long as I have my smart phone still works, life is good.

The scarier part of this is we living a lie, every week we just go from one crisis to another, all the while our country and it's economy founders just outside of the understanding of the general public.

The result of our inattention or ignorance to the fundamentals of what makes good financial sense will come as a bolt out of the blue as it did with the melt down of the mortgage loan crisis. Millions will stand like a deer in the heads wonder how did this happen again. Look in the mirror.

I know, everyone says it can't happen here. The old saying 'tis folly to wise when ignorance is bliss' won't cut it if you're  freezing while standing a bread line.

46 Million on Food Stamps in 2014
Source: Jason Russell, "Food stamp enrollment still historically high," Washington Examiner, January 8, 2015.

January 9, 2015

While the American economy is slowly improving, food stamp usage remains at record highs. Twenty million more Americans are on food stamps today than they were before the recession, according to Jason Russell of the Washington Examiner.
A total of 46 million people received food stamps last year, costing taxpayers a whopping $80 billion. Contrast those numbers with 2007, when the food stamp program cost $38 billion. Only during the recession, says Russell, has enrollment in the food stamp program been higher. In fact, prior to 2007, the highest enrollment had ever been was 27.5 million in 1994.
Enrollment in food stamps is limited to just three months out of a three-year period for able-bodied adults without dependents who aren't working or in a work training program. However, the government waived those work requirements in 2009 in response to the recession. According to Watchdog.org, 28 states will receive full work requirement exemptions in 2015, and 14 states will receive partial waivers.