Are Food Stamps the Soup Lines of this Great Recession?

Zero Hedge

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.

Many economists and financial experts have said that we are in a depression. See this, this and this.

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:

• More people will be unemployed than during the Great Depression

• Some of the top economists say that America has suffered a permanent loss of jobs

• By some measures, unemployment is worse than it was during a comparable time-frame in the Great Depression

• Vice President Biden said recently: “It’s a depression for millions of Americans”

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?

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