Comments on: Food Stamps – The Great Recession’s Soup Lines http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: EconomyBeat.org - user-generated content about the economy » Blog Archive » Food stamp use: A chart http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-255138 EconomyBeat.org - user-generated content about the economy » Blog Archive » Food stamp use: A chart Tue, 16 Feb 2010 17:23:00 +0000 http://www.ritholtz.com/blog/?p=51238#comment-255138 [...] The Big Picture financial blog: Last month, a record-high 38.2 million people were enrolled in the food stamp [...] [...] The Big Picture financial blog: Last month, a record-high 38.2 million people were enrolled in the food stamp [...]

]]> By: braudis http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-254425 braudis Fri, 12 Feb 2010 04:44:44 +0000 http://www.ritholtz.com/blog/?p=51238#comment-254425 The food stamps, in conjunction with J.P.Morgan/Chase is just part of the plan: to create an economy that is sustained by debt. The bailouts, war, the devaluation of the dollar create debt. That debt incurs never-ending principal and interest payable to The Fed. Keep your eye on Bernanke and Bank of America. Watch the magic in 2010. The food stamps, in conjunction with J.P.Morgan/Chase is just part of the plan: to create an economy that is sustained by debt. The bailouts, war, the devaluation of the dollar create debt. That debt incurs never-ending principal and interest payable to The Fed. Keep your eye on Bernanke and Bank of America. Watch the magic in 2010.

]]> By: If food stamps equal soup lines…? « Questions for America http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-254292 If food stamps equal soup lines…? « Questions for America Thu, 11 Feb 2010 15:28:49 +0000 http://www.ritholtz.com/blog/?p=51238#comment-254292 [...] Big Picture  Print This Post Category: CPA Continuing Education, Economic Ethics, Risk & [...] [...] Big Picture  Print This Post Category: CPA Continuing Education, Economic Ethics, Risk & [...]

]]> By: deanscamaro http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-254065 deanscamaro Wed, 10 Feb 2010 14:56:42 +0000 http://www.ritholtz.com/blog/?p=51238#comment-254065 @erm Thanks for that assessment about the population. Gee, things are getting worse!?!? Just as I suspected. I think that is an assessment of the skill/impact of our politicians. As they work at their jobs, they constantly make things worse in the economy. @erm
Thanks for that assessment about the population. Gee, things are getting worse!?!? Just as I suspected. I think that is an assessment of the skill/impact of our politicians. As they work at their jobs, they constantly make things worse in the economy.

]]> By: flipspiceland http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-254056 flipspiceland Wed, 10 Feb 2010 14:11:39 +0000 http://www.ritholtz.com/blog/?p=51238#comment-254056 Look for that blue line to continue ever upward. As long as we live. Until there arises from the smoldering ashes a phoenix from the conflagration that Wall Street saw fit to set off, a maelstrom of pernicious financial toxicity, bestowing upon the world a set of atomic bombs known as Collateral default swaps and their ilk, there will be no choice but for government to carry the ball by transferring from producers to non-producers. That the truly wealthy escape the transfer, there will be a hydra-headed effort to move many members of the middle class further down the totem pole. Look for housing interest and taxes to be phased out of the deductions, and other hidden taxes on the middle. Two generations minimum of going nowhere but gradually backwards. Kids moving in with parents after party school educations prove worthless, nay, nothing but a drain on the family income, many more bankruptcies, falling real estate values, much less discretionary income, and a whole host of other 'adjustments'. Look for that blue line to continue ever upward. As long as we live.

Until there arises from the smoldering ashes a phoenix from the conflagration that Wall Street saw fit to set off, a maelstrom of pernicious financial toxicity, bestowing upon the world a set of atomic bombs known as Collateral default swaps and their ilk, there will be no choice but for government to carry the
ball by transferring from producers to non-producers.

That the truly wealthy escape the transfer, there will be a hydra-headed effort to move many members of the middle class further down the totem pole. Look for housing interest and taxes to be phased out of the deductions, and other hidden taxes on the middle.

Two generations minimum of going nowhere but gradually backwards. Kids moving in with parents after party school educations prove worthless, nay, nothing but a drain on the family income, many more bankruptcies, falling real estate values, much less discretionary income, and a whole host of other ‘adjustments’.

]]> By: DL http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-253898 DL Tue, 09 Feb 2010 21:02:12 +0000 http://www.ritholtz.com/blog/?p=51238#comment-253898 The one bailout that I approve of. The one bailout that I approve of.

]]> By: tagyoureit http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-253887 tagyoureit Tue, 09 Feb 2010 19:51:09 +0000 http://www.ritholtz.com/blog/?p=51238#comment-253887 As a kid, I used to love those slow motion multi-car wrecks on CHiPs. Now, not so much... As a kid, I used to love those slow motion multi-car wrecks on CHiPs. Now, not so much…

]]> By: erm http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-253884 erm Tue, 09 Feb 2010 19:48:27 +0000 http://www.ritholtz.com/blog/?p=51238#comment-253884 I was curious about the percentage of population using foodstamps as well. I got together the foodstamp data and census pop. history and projections. In a nutshell, 11% of the population is on foodstamps in 2009, the highest percentage ever. The percentage on foodstamps goes nearly straight up from 1.4% in 1969 to 8.5% by 1976. From there, the percentage vacillates between 7% and 10%, with 1994 being a new high of 10.6%. From there, the percentage drops to 6.1% in 2000/01 before resuming its upward trend. I was curious about the percentage of population using foodstamps as well. I got together the foodstamp data and census pop. history and projections. In a nutshell, 11% of the population is on foodstamps in 2009, the highest percentage ever.

The percentage on foodstamps goes nearly straight up from 1.4% in 1969 to 8.5% by 1976. From there, the percentage vacillates between 7% and 10%, with 1994 being a new high of 10.6%. From there, the percentage drops to 6.1% in 2000/01 before resuming its upward trend.

]]> By: Transor Z http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-253877 Transor Z Tue, 09 Feb 2010 19:23:43 +0000 http://www.ritholtz.com/blog/?p=51238#comment-253877 The "stamps" are now debit cards you can swipe at the grocery store checkout. Minimizes the stigma and improves convenience. The “stamps” are now debit cards you can swipe at the grocery store checkout. Minimizes the stigma and improves convenience.

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2010/02/food-stamps-the-great-recession%e2%80%99s-soup-lines/comment-page-1/#comment-253873 How the Common Man Sees It Tue, 09 Feb 2010 19:08:19 +0000 http://www.ritholtz.com/blog/?p=51238#comment-253873 US soldiers should be guarding the Mexican border, not the Iraqi one! US soldiers should be guarding the Mexican border, not the Iraqi one!

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