Food stamps are being cut today and speaking quite frankly, I think weve all seen abuses of that system, however, here is a fact about it that cannot be argued. Since being enacted, it has ebbed and flowed with our economy and the barometer of our economy has always been the stock market, so if the economy and stock market is UP, enrollment in food stamps is DOWN and conversely, if the economy and stock market are DOWN, enrollment in food stamps is UP. Its been that way for 50 years. Right now, all the stock markets are at all time highs, DJIA, S&P, and the Russell, and banks are quite literally sloshing with money. Since 2004, the food stamp program has steadily INCREASED as well, basically doubling, from 26 million enrolled to nearly 50 million in 9 years, and it too, is now at an all time high. Economy, DOWN, stock market UP, food stamp enrollment UP. There is a disconnect that has occurred that is very real and quite insidious. The policies of the Federal government and Federal Reserve are literally making the rich richer and the poor poorer. If these policies, which have been fostered by BOTH Republicans and Democrats, continue for another 20 years, there will be no more middle class. Only a few very rich, and an unbelievable amount of very poor, and possibly, no food stamp program at all.
Posted on: Fri, 01 Nov 2013 17:42:54 +0000
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