Category: Economy


Top 5 NFL Hits To Taxpayers

 

 

 

 

Published on Jan 30, 2015

” Are you ready for some handouts?

Approximately 1 minute.

Produced by Meredith Bragg.

source: Conventions Sports & Leisure (.pdf)
https://cbsminnesota.files.wordpress….

Visit http://reason.com/reasontv/2015/01/30… for downloadable versions and subscribe to Reason TV’s YouTube Channel to receive notification when new material goes live. “

 

 

 

 

 

 

 

 

 

 

 

Initial Jobless Claims Collapse To 15 Year Lows But Shale States Job Losses Explode

 

 

 

 

” After 4 weeks missing expectations (and 3 above the crucial 300k mark), initial jobless claims totally and utterly collapsed last week. Printing 265k (beating the 300k expectation by the most in years), the 13.9% drop WoW was the biggest since September 2005!!! This is the lowest initial claims data since the financial crisis and in fact the lowest since April 2000. But it is the story from the Shale states that is most troubling as initial claims through the 2nd week of January (data is lagged by state) show a massive surge in initial claims as unambiguously good news is very much not for many thousands across these regions.”

 

Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

 

New York, Northeast Lead Nation In ‘Outmigration

 

 

 

 

 

” New York State and the Northeast region led the nation in domestic net “outmigration” in the period from July 1, 2013 to July 1, 2014 , according to newly released data from the Census Bureau. During the same period, Texas and the South led the nation in domestic net “immigration.”

  Domestic net outmigration is the number of residents who move out of a state or region to another part of the country minus the number of residents who move in from another part of the country. It does not include international migration—n.b. people who move into a state or region from outside the United States, or from a state or region to outside the United States.”

 

 

   This video dates from 2011 and demonstrates that the flight from NY has been ongoing for decades , which gives you an idea of how long the state has been so poorly managed …

 

 

 

 

 

 

” A state or region has domestic net immigration when the number of people moving in from another part of the country exceeds the number moving out.

  From July 1, 2013 to July 1, 2014, 30 states had a domestic net outmigration and 20 states plus the District of Columbia had a domestic net immigration.”

 

 

Here are the top ten states that people are fleeing:

 

” 1-New York (-153,921)

2-Illinois (-94,956)

3-New Jersey (-55,469)

4-California (-32,090)

5-Pennsylvania (-31,448)

6-Michigan (-28,679)

7-Connecticut (-26,216)

8-Virginia (-20,400)

9-Ohio (-18,243)

10-Massachusetts (-16,354) “

 

 

 

CNS News has more details

 

 

Here is some further reading on the “Exodus” state:

 

Going Going Gone: Why are People Leaving NY?

People leaving New York State

Escape From New York? High-Taxing Empire State

The “Exodus States:” People leaving New York

The States People Are Fleeing In 2013

Movers Study: People Leaving NY, NJ En Masse

Why Are People Leaving New York?

New Yorkers leaving state

 

 

 

 

 

 

 

 

 

How Much Is Your State Paying For A Gallon Of Gas? This Cool Map Will Show You

 

Debt.com Gas Prices Over Time

 

 

 

” What is the average price of gas in your state? Researchers at Debt.com have put together a map to show you.

  Debt.com’s interactive map allows users to see their state’s average gas price-simply by hovering their cursor over the state. Clicking a state will show you its average price for the last 10 years:

  While the national average for a gallon of gas is about $2.18, some states fare better or worse than others.

  For example, drivers in Hawaii “consistently pay the most for gas.” They are currently paying an average of $3.31.

  In addition to Hawaii, drivers in Alaska, California and the New England region pay among the highest average gas prices in the nation.”

 

More at The Daily Signal

 

 

 

 

 

 

 

 

 

 

 

World’s First 3D-Printed Apartment Building Constructed In China

 

 

 

” While architectural firms compete with their designs for 3D-printed dwellings, one company in China has quietly been setting about getting the job done. In March of last year, company WinSun claimed to have printed 10 houses in 24 hours, using a proprietary 3D printer that uses a mixture of ground construction and industrial waste, such as glass and tailings, around a base of quick-drying cement mixed with a special hardening agent.

  Now, WinSun has further demonstrated the efficacy of its technology — with a five-story apartment building and a 1,100 square metre (11,840 square foot) villa, complete with decorative elements inside and out, on display at Suzhou Industrial Park.

  The 3D printer array, developed by Ma Yihe, who has been inventing 3D printers for over a decade, stands 6.6 metres high, 10 metres wide and 40 metres long (20 by 33 by 132 feet). This fabricates the parts in large pieces at WinSun’s facility. The structures are then assembled on-site, complete with steel reinforcements and insulation in order to comply with official building standards.”

 

Read on

 

 

 

 

 

 

 

 

 

 

 

 

Ted Cruz Wins SOTU Postgame With ‘More Cowbell! More Cowbell!’

 

 

 

 

” Megyn Kelly asked Sen. Ted Cruz if he thinks President Obama was setting the stage for the next presidential candidate.

“ Oh, I think he was trying to and he hopes that the next candidate engages in the same far-left policies. This is a man of the left,” Cruz said.

“ You know, it reminds me of the classic Saturday Night Live skit with Christopher Walken, where there’s a band playing and his solution to every problem is ‘More cowbell! More cowbell!’” Cruz said. “For President Obama ‘More cowbell’ is ‘More taxes! More government!More taxes! More government!’” “

 

 

 

 

 

 

” Kelly laughed and said, “The audience knows!” She said the focus group in the studio “is familiar with the skit.” The camera cut to the laughing audience.

“ It’s the same failed policies that don’t work and we ought to come together. Economic growth is a bipartisan objective and I think Congress needs to lead,” Cruz continued.”

 

PJ Tatler

 

 

 

 

 

 

 

 

 

 

 

 

Rand Paul Releases Own State Of The Union Speech

 

 

 

 

 

” After President Obama gave his State of the Union speech Tuesday night, Senator Rand Paul released his own State of the Union speech online.

  Paul starts by saying, “All is not well in America,” and from here he outlines what he thinks is wrong in the country.

  The first thing Paul says is needed in America is “new leadership.” He does not mean get rid of the president, rather this is a call for a limit to the number of terms congressmen and other high ranking officials can serve. Currently, the U.S. has 11 people in the House or Senate who have served 35+ years as political leaders. Paul says by eliminating the limitless number of terms these leaders can have, new blood will flow into Washington, bringing fresh and new ideas.”

 

Ben Swann has all the details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,700 Private Jets Descend On Davos For World Economic Forum

 

 

 

 

” Billionaires, world leaders and pop stars are clogging up the skies with their private jets as they descend on the annual World Economic Forum in Davos, Switzerland to liaise over issues such as terrorism, the central banks and growing economic inequality.

  Over the course of this week, approximately 1,700 private jets are expected to fly into the region, resulting airport traffic increasing by 10% which means that landing spots are in short supply.

  The Swiss Armed Forces have even opened up one of their military air bases for the first time to try and accommodate the increase in traffic. For private jet companies like PrivateFly, Netkets and VistaJet, this is by far their busiest time of year. “

 

Read more

 

 

 

 

 

 

 

 

 

 

 

Of More Than 3,000 U.S. Counties, Just 65 Have Recovered From Recession, NACo Says

 

 

NACo 4 indicators

 

 

” Seven years after the recession began, only one in 50 U.S. counties has fully bounced back, according to a study the National Association of Counties released Monday.

  The 2014 County Economic Tracker shows that 65 of the nation’s 3,069 counties have met or surpassed prerecession levels in four measured categories: jobs, unemployment rate, economic output and home prices.

  Those places range from Anderson County, S.C., to McKenzie County, N.D., to Kodiak Island, Alaska.

  National employment surpassed 2007 levels during 2014 and the U.S. gross domestic product had fully recovered from the recession by 2011. But the national unemployment rate was 5.6% in December compared with 5% when the recession began seven years earlier. And housing values in much of the country have yet to fully return.

  The recovered counties are largely located in energy-rich areas and have small populations. Of the 65 recovered counties, 24 are in Texas and 16 are in North Dakota. The others are generally in the middle of the country, including nine in Minnesota and eight in Kansas.

  None of the recovered counties has more than 500,000 residents.”

 

     This article , more than any other demonstrates that the nearly $3 Trillion in government stimulus spending was nothing more than wasteful cronyism handed out to favored unions , interest groups and corporations . Little or none trickled down to benefit the taxpayers actually footing the bill .

Wall Street Journal

 

 

 

 

 

 

 

 

 

 

 

States With The Most People On Food Stamps

 

 

 

 

 

” With grocery bills priced as high as $1,300 per month as of late, some American workers simply cannot afford all of their groceries on top of everything else they already have to buy. This is why the government offers food stamps.

  The USDA Food and Nutrition Service reports that as of September 2014, there were around 46.5 million individual food stamp recipients (22.7 million households) receiving an average benefit of $123.74 each (around $257 per household).

  To be eligible, a household has to earn a gross income amount that’s less than 130% of the poverty level, or a net income amount (gross income minus deductions) that’s less than 100% of the poverty level for their family size.

  This means, a single person can be eligible for food stamps if his or her gross monthly income is under $1,265 ($15,180 per year), and a family of four can be eligible if they gross less than $2,584 per month ($31,008 per year). The applicant also can’t be a wealthy person who simply doesn’t have a steady income source. So, if the applicant has thousands of dollars sitting in the bank, for instance, they won’t apply as cash assets are considered as well.”

 

 

And the “winner” is … our nation’s capital …

 

 

” 1. District of Columbia

• Number of food stamp recipients: 144,768

• Percentage of the state’s population on food stamps: 21.97%

• Total cost of just these benefits alone (That is, how much do just the money on those EBT cards cost the state?): Around $18 million

• Estimated cost of benefits alone per capita in this state: $27.19 per person “

 

 

   Our nation’s capital is a true study in contrasts , the highest percentage of food stamp recipients along with the richest suburbs in the nation .

 

 

 

 

For those unfamiliar with the surrounding counties of DC , here is a map …

 

 

 

 

 

Read more at USA Today

 

 

 

 

 

 

 

 

 

 

 

Despite Decline In CPI, Food Index Increases In December

 

 

 

 

 

 

” Despite a decline in the overall Consumer Price Index (CPI) in December, the food index increased and the price index for meats, poultry, fish and eggs hit a record high, according to data released today from the Bureau of Labor Statistics (BLS).

  According to the BLS, “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent in December on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.8 percent before seasonal adjustment.”

“ The gasoline index continued to fall sharply, declining 9.4 percent and leading to the decrease in the seasonally adjusted all items index,” said the BLS.

“ The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased,” said the BLS.

“ The food index, in contrast, rose 0.3 percent, its largest increase since September.” “

 

 

    Perhaps this has something to do with the record high food prices , after all Obama did promise that “electric prices would necessarily skyrocket” …

 

 

 

 

 

 

 

This is one promise candidate Obama has kept: Price of Electricity Hit Record High in U.S. in 2014

 

 

Electricity Price Index Hit All-Time High in 2014

 

 

 

 

CNS News has the details

 

 

 

 

 

 

 

 

 

 

Firearms Sellers Say They’re Being Choked Off From Payment Processors

 

 

TransNational Bank

 

 

” Go to a gun show, and you won’t find many merchants using PayPal.

  You’ll also find few vendors using popular payment processors such as Square, Stripe and Spark Pay.

  That’s because some payment processors explicitly prohibit the use of their systems for online — and some in-store — sales of firearms, ammunition and certain accessories.

  Retailers in the gun industry say they’re being discriminated against.

“ Being shut out from mainstream payment processors makes us feel like we are part of some type of shady business when, in fact, there is more regulation and documentation required for federally licensed firearms dealers than most businesses,” said Trevor Blandford of Terminal Performance Associates in Caroline, Va.

  Blandford, 21, has been working gun shows for his family’s business since he was 14 years old. Recently, his parents named him general manager of Terminal Performance, which is known for its custom-built pistols and rifles and originally finished wraps. He and his family sell their merchandise online and at local trade shows.”

 

     As the State continues to pursue it’s gun control agenda in the most deceitful and underhanded ways , it is refreshing to know that at least one financial institution is not allowing this blatantly unconstitutional move by our “employees” in the Federal government to shut down legal businesses …

 

” With few options, Terminal Performance then turned to Transnational, a payment processor located in Rosemont, Ill., that is not shy in boasting its support for the Second Amendment.

  Although it processes payments for a range of industries, Transnational has capitalized on the trend of payment processors choking firearms merchants from their customer lists.

“ Our decision to provide services within the firearms industry mostly is predicated by the fact that we believe through the obtaining of an [federal firearms license] it’s one of the more heavily regulated processes that has good governance and good oversight,” Jae Haas, President of Transnational told The Daily Signal in a phone interview.

  Having been in the payment processing business for 16 years, Haas said he’s observed a growing trend of banks and payment processors adding firearms dealers to their “prohibited” or “high-risk” lists.”

 

 

Lovers of liberty would do well to try and give Transnational as much of their business as possible .

 

 

Read more at The Daily Signal

 

 

 

 

 

 

 

 

 

 

 

A Gearhead In L.A. Is About To Change Everything

 

 

 

 

 

 

“ Paradigm shifts are underway,” says entrepreneur Grant Delgatty. When he noticed that millennials were tuning in to social and environmental issues, it triggered his breakthrough invention: the URB-E e-vehicle.

  Grant wagered on the power of a new generation prioritizing sustainability. With this in mind, he saw the infinite growth potential of clean energy transportation. “It’s about social impact. Every decision we make needs to be the right decision to protect our environment for tomorrow,” says Delgatty. What resulted from this market research was simple: a super-compact electric scooter.

  This invention solves the global problem of getting that last mile from your car’s parking space to your destination. “The URB-E fits between your legs and has the same footprint as your body,” he explains. It’s the first foldable e-vehicle—with the comforts of a bicycle—that goes up to 20 miles on one charge. That’s why it’s no surprise that URB-E won the 2014 CES Verge Award.”

 

 

Popular Mechanics

 

 

 

 

 

 

 

 

 

 

 

Mexican President Offers Obama Help With Amnesty Documents

 

 

 

 

” Mexico’s president told President Obama Tuesday that his government will supply the documents necessary for millions of illegal Mexican immigrants to prove they’ve been living in the U.S. prior to 2010, a move that will help them qualify for Mr. Obama’s recently announced deportation amnesty.

  In an Oval Office meeting, President Enrique Pena Nieto praised Mr. Obama’s executive action on amnesty as “very intelligent and audacious,” and said his government will do everything in its power to ensure that Mexicans who want to stay in the U.S. can do so.

  The move has proven far more controversial in Washington, where Republican critics say the president’s unilateral move was unwise and unconstitutional.

  About two-thirds of the nearly 5 million illegal immigrants covered by Mr. Obama’s action are natives of Mexico. It’s not clear what kind of documentation the Mexican government will provide to show proof of residency in the U.S. prior to 2010 — the cutoff date to qualify for Mr. Obama’s amnesty plan and avoid deportation.”

 

When governments facilitate the breaking of the law , there is no law …

Read more

 

 

 

 

 

 

 

 

 

 

 

Ten Warning Signs Of A Market Crash In 2015

 

 

 

 

 

” The FTSE 100 slid on the first day of trading in 2015. Here are 10 warning signs that the markets may drop further.

Vix fear gauge

  For five years, investor fear of risk has been drugged into somnolence by repeated injections of quantitative easing. The lack of fear has led to a world where price and risk have become estranged. As credit conditions are tightened in the US and China, the law of unintended consequences will hold sway in 2015 as investors wake up. The Vix, the so-called “fear index” that measures volatility, spiked to 18.4 on Friday, above the average of 14.5 recorded last year.

Rising US Treasury yields

  With the Federal Reserve poised to raise interest rates for the first time in almost a decade, and the latest QE3 bond-buying programme ending in October last year, credit markets are expecting a poor year for US Treasuries. The yield on two-year US Treasuries has more than doubled from 0.31pc to 0.74pc since October.”

 

Read the rest at The Telegraph , if you dare

 

 

 

 

 

 

 

 

 

 

US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

 

 

 

 

 

” It seems like it was only yesterday when we reported that, in yet another sleight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever.  As we further noted, it also meant “that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.”

  Fast forward to today when we are happy to report that according to the US Treasury, America’s debt-funded spending spree, while supposedly slowing down if looking at the declining monthly budget deficit report, never actually has.”

 

Thanks to Tyler Durden at Zero Hedge

 

Interested viewers can keep track of the burgeoning national debt at our post of the real time National Debt Clock

 

 

 

 

 

 

 

 

 

Generating New Revenue Streams

 

 

 

” The common reaction to a budget crisis is reducing personnel and cutting services. The focus of this article is to provide police agencies with an alternative to personnel and service reductions. This alternative could help the survival of a city and maintain or expand police service through generating new revenue streams as a proactive approach to meet the fiscal crisis of today and the uncertain future of tomorrow.

  While generating revenue streams is not new to most agencies, the focus and resources necessary to meet current and emerging public safety needs are unprecedented in law enforcement’s history. Law enforcement executives are accustomed to the ebb and flow of fiscal budgets. The current trend, however, is much more far reaching and will impact almost all cities in California and most likely all communities in the United States.

  Five years ago, the current state of the economy facing cities and counties was not even a concern. Now, however, many law enforcement agencies are facing the reality of severe budget cuts, reduced workforce, and the elimination or reduction of many law enforcement programs. Today, police chiefs are being asked to look for ways of economizing, increasing efficiency, eliminating redundancies, and finding revenue sources.

  This trend will be prompted in two possible ways. First, increasing financial pressure will require more severe budget cuts to the point that many agencies will be able to provide only basic services. Second, cities will begin to see successes at nearby agencies and look to new revenue streams as a panacea to forestall reduced services or even bankruptcy. Based on the research for this article, there is a clear presumption of need for law enforcement to generate new income streams. A first necessary step in that process is to examine possible revenue-generating ideas.
Possible New Revenue Streams

  A group of experts in the fields of city government, business, real estate, and entrepreneurship assembled in April 2008 to identify possible new income streams that could be initiated by law enforcement.2 Their suggested new revenue streams serve as an example of ideas that can be generated in a short period of time. Each idea must be weighed against the feasibility of implementation, profit potential, and appropriateness for law enforcement involvement. Their most prominent recommendations were

    • fees for sex offenders registering in a given jurisdiction,
    • city tow companies,
    • fine increases by 50 percent,
    • pay-per-call policing,
    • vacation house check fees,
    • public hours at police firing range for a fee,
    • police department-run online traffic school for minor traffic infractions,
    • department-based security service including home checks and monitoring of security cameras by police department,
    • a designated business to clean biological crime scenes,
    • state and court fees for all convicted felons returning to the community,
    • allowing agency name to be used for advertisement and branding,
    • triple driving-under-the-influence fines by the court,
    • resident fee similar to a utility tax,
    • tax or fee on all alcohol sold in the city,
    • tax or fee on all ammunition sold in, the city,
    • public safety fees on all new development in the city,
    • 9-1-1 fee per use,
    • police department website with business advertisement for support,
    • selling ride-a-longs to the public, and
  • police department–run firearm safety classes.

  In addition to concepts that may lie ahead, there are also many examples of revenue-generating ideas that have been tried and proven in actual use. “

 

 

    Yes , as this police chief acknowledges however inadvertently , it’s all about the revenue generation and less about public safety …

 

 

 

 

 

 

 

 

 

 

 

CEO of This Seattle-Based Company Does Something Really Cool With His Bonus

 

'Plum' bonus: CEO Rick Holley refused $1.85million worth of Plum Creek stock

 

” You can count the number of times this happens on your hand: a CEO gave back his nearly $2 million bonus because he didn’t feel he’d done enough to deserve it, an SEC filing reported.

  The CEO of Seattle-based Plum Creek, the largest private owner of forestland in the U.S., chose to return 44,445 shares of stock, worth $1.85 million, because: “This has been a year where total shareholder returns are down 10% or more. It just wasn’t the right thing to do,” the Daily Mail reported.

  The SEC filing says Holley “does not believe that he should receive such an award unless Plum Creek’s stockholders see an increase in their investment return.” “

 

MRCTV

 

 

 

 

 

 

 

 

 

Florida Leaves New York Behind In Its Rear-View Mirror

 

 

 

 

 

” It’s official. Florida is the nation’s third-largest state with 19.7 million people. It surpassed New York this month by adding an average of 803 new residents every day as opposed to New York’s 140.

  Contrary to the stereotype, sun-seeking seniors aren’t the main drivers of Florida’s population growth. James Johnson, a business professor at the University of North Carolina, told the AP that Florida’s powerful economic engine is driving its growth: “I think it’s going to be for the 21st century what California or New York was for the 20th century.”

  As the James Madison Institute reports, Florida’s growth is built on a consensus that taxes, spending, and regulation should be restrained. Its budget is half the size of New York State’s, it lacks a state income tax, and it is much easier to start and run a business there than in many northeastern states.”

 

National Review

 

 

 

 

 

 

 

 

 

 

Texas Job Growth Outpaces Rest Of U.S. Combined

 

 

 

 

” Since the recession began in December 2007, 1.2 million net jobs have been created in Texas. Only 700,000 net jobs have been created in the other 49 states combined.

  The remarkable employment growth in Texas looks even bigger considering its size relative to the rest of the U.S. Total non-farm employment has grown by 11.5 percent in Texas since December 2007. Employment in the rest of the United States has grown only 0.6 percent. Until September 2014, total employment growth in the rest of the United States since December 2007 was still negative.”

 

Washington Examiner

 

 

 

 

 

 

 

 

 

 

Report: All Net Jobs Growth Since 2007 Has Gone To Immigrants

 

Immigrant Job Growth

 

 

 

” All of the net gains in in jobs since 2007 have gone to immigrants — both legal and illegal — according to a new report from the Center for Immigration Studies, meaning that fewer native-born Americans are working today than were at the end of 2007.

  From November 2007 through November 2014, the number of employed native-born Americans has decreased more than 1.45 million, while the number of employed immigrants has risen by more than 2 million (as the immigrant population grew rapidly, too), according to data compiled by the Department of Labor’s Bureau of Labor Statistics.”

 

NRO Online

 

 

 

 

 

 

 

 

 

$4.20 Per Pound: Price Of Ground Beef Climbs To Another Record

 

 

bls

 

 

” The average price of a pound of ground beef climbed to another record high — $4.201 per pound — in the United States in November, according to data released today by the Bureau of Labor Statistics (BLS).

  In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.  In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded — $4.201 per pound.

  A year ago, in November 2013, the average price for a pound of ground beef was $3.477 per pound. Since then, the average price has increased 20.8 percent in one year.

  Five years ago, in November 2009, the average price of a pound of ground beef was $2.062, according to the BLS. The price has since climbed by $2.139 per pound, or 103.7 percent.”

 

Read more at CNS News

 

Below is a list of average grocery prices and other necessary expenses by year from 2008 to 2014 …

 

COL 2008-2014

 

 

   This is a list from one source that we could find quickly and while we find some of the statistics to be dubious in the extreme it does convey the basic idea that , contrary to what the inflation figures provided by the State claim , prices are out of control . Heck of a job Barack …

 

 

 

 

 

 

Jodi Miller Brings Us The Lighter Side Of The News

 

 

 

 

 

 

Published on Dec 15, 2014

” TOPICS:
– House Speaker John Boehner
– Jonathan Gruber
– Al Sharpton
– Prince William
– Senior al-Qaeda Killed
– Hillary Clinton
– President Obama’s Export Council
– Gitmo Prisoners Tortured?

Love NewsBusted and want to receive alerts about new episodes in your
email? Visit http://newsbusters.org/newsbusted to sign up for free!

Starring: Jodi Miller
Production: Dialog New Media “

 

 

 

 

 

 

 

 

 

 

 

Food Stamp Beneficiaries Exceed 46,000,000 for 37 Straight Months

 

 

 

 

” The number of beneficiaries who receive compensation from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, has topped 46,000,000 for 37 straight months, according to data released by the Department of Agriculture (USDA).

  In September 2014, which is the latest data from the USDA, there were 46,459,998 Americans who received assistance from the SNAP program. The number of beneficiaries has exceeded 46 million since September 2011, a total of 37 months, or more than three years.

  In September, the number of beneficiaries was down from the 46,476,410 beneficiaries there were in August, a decline of 16,412. During that same time frame, the number of families receiving SNAP benefits increased from 22,724,624 in August to 22,750,019 in September, an increase of 25,395.

  Households on food stamps in September got an average of $252.69 during the month, and the program benefits cost taxpayers $5,748,809,023.

  In 1969, the average participation in the SNAP program stood at 2,878,000. In 2014, average participation grew to 46,536,000 showing an increase of 1516.96 percent.”

 

Thanks to CNS News

 

    To put those numbers in perspective in 1969 one out of every 73.6 people was dependent on the State for supplemental food stamps while today after nearly fifty years of fighting the “war on poverty” the ratio is one out of every 6.8 people . Well done … God Bless The State …

Total spending to date on the “war on poverty” has exceeded sixteen trillion dollars and all we’ve gotten for that “investment” has been a larger and larger dole .

 

Since the

 

   The numbers for SNAP spending during the past six years of the Obama administration from the CBO reflect a massive increase in dependency on the State :

 

 

Participation and Federal Spending for SNAP

 

 

” Almost two-thirds of the growth in spending on SNAP benefits between 2007 and 2011 stemmed from the increase in the number of participants. Labor market conditions deteriorated dramatically between 2007 and 2009 and have been slow to recover; since 2007, both the number of people eligible for the program and the share of those who are eligible and who participate in the program have risen.

  About one-fifth of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the American Recovery and Reinvestment Act of 2009. The remainder stems from other factors, such as higher food prices and lower income among beneficiaries, both of which have boosted benefits.”

 

Heck of a job Barack …

 

 

 

 

 

 

 

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