In the 1920's, President Calvin Coolidge uttered the phrase, the business of Americ is business. Nearly 100 years later, that doctrine has changed for the American people as the new business of America is foodstamps.
In June, foodstamp applications came in three times greater than the number of Americans who found jobs.
Charts courtesy of SNAP
June saw a new surge in those Americans living in poverty and thus eligible for foodstamps, with 173,600 new entrants into the system, bringing the total to a new all time high of 46.670 million and once again rising fast. Furthermore, with subsequent emergency events affecting the heartland due to the drought, the administration has made sure even more Americans will be eligible going forward. As a result expect the July and August numbers to promptly surpass 47 million on their way to the psychological resistance level of 50 million. Indicatively, the 173,600 increase in Foodstamps recipients in June was three times greater than Americans finding jobs (64,000, most of which part-time) according to the BLS. - Zerohedge
And unfortunately, the unregulated food stamp and EBT programs continue to lead to waste, fraud, and massive losses to the taxpayers. Recently, a thrown away receipt by a food stamp recipient shows that the program is being used in many cases to fund luxury items, and not the intended healthy food and meal necessities of those on lower incomes.
The business of America is now welfare in the 21st century, and the trends are not slowing down. At the current rate, perhaps within the next 20 years, 90% of all Americans will be on the government dole in some capacity, and the nanny state will be complete.