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Qtec
08-08-2010, 04:00 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Food stamp use hit record 40.8m in May

By Bloomberg News | August 5, 2010

WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April, the US Department of Agriculture said in a statement on its website.

Participation has set records for 18 straight months.

Unemployment in July may have reached 9.6 percent, according to a Bloomberg News survey of analysts in advance of the Aug. 6 release of last month’s rate. Unemployment was 9.5 percent in June, near levels last seen in 1983.

An average of 40.5 million people,<span style='font-size: 20pt'> more than an eighth of the population,</span> will get food stamps each month in the year that began Oct. 1, according to White House estimates.

The figure is projected to rise to 43.3 million in 2011. </div></div>
link (http://www.boston.com/news/nation/washington/articles/2010/08/05/food_stamp_use_hit_record_408m_in_may/)


US Nat Security spending almost equals the rest of the worlds' and 1/8 th of Americans are on food stamps!

Is it just me or is there something wrong here?

Q