The big swindle and a fog of debt – hiding the
unemployed in the higher education bubble and three
years of economic recovery equates to 11.5 million
more Americans on food stamps.
A large part of our recovery is running on public
relations trickery and smoke and mirrors debt
machinery. Let me explain what I mean by this since
on the surface we have been out of a recession since
the summer of 2009. Government debt is soaring and
public debt in certain sectors is flying off the
charts. Take for example food stamp usage and student
loan debt. These payments typically rise during tough
times as would be expected. So you would conclude
that being in year three of this so-called recovery
that costs for both of these sectors would be
retreating. You would be absolutely wrong in this
Alice and Wonderland debt world. The student debt
market has become a predatory landmine for prospective
students and continues to grow like a wild fungus.
Food stamp usage is expected to be high deep into
2014. Can you call it a recovery by using accounting
magic that actually hides the continuing deterioration
of the middle class?
Food stamp usage peaking during a recovery?
[Image here:
http://www.mybudget360.com/wp-
content/uploads/2012/04/food-stamp-usage-2012.png]
How is it a recovery when 15 percent of the population
is receiving food assistance just to stay afloat? But
examine the chart carefully. When the recession
officially ended in 2009 there were 35 million
Americans on food stamps. Today, three years later
and deep into a recovery we have 46.5 million
Americans receiving food stamps! In other words, food
stamp usage has increased by more than 32 percent
during the recovery. Since when does a recovery
involve increasing the amount of Americans on food
stamps?
There is a cost to having 46.5 million Americans on
food assistance:
Read the rest here - unless you're John Manning:
http://www.mybudget360.com/big-financial-swindle-fog-
of-debt-student-loans-food-stamp-usage-costs-2012-
trend/