We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number of Americans will shortly be depending on food stamps just to feed themselves and their families.
Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in October, 28 million people in the US will be using government food stamps to buy essential groceries, the highest level since the food assistance programme was introduced in the 1960s.
The increase – from 26.5 million in 2007 – is due partly to recent efforts to increase public awareness of the programme and also a switch from paper coupons to electronic debit cards. But above all it is the pressures being exerted on ordinary Americans by an economy that is suddenly beset by troubles. Housing foreclosures, accelerating jobs losses and fast-rising prices all add to the squeeze.
Leave it to the British media to not mince words in describing our dire situation.
The question is "When will our media start telling Americans the truth?"
they won't...
ReplyDeleteBUT I wish they would....
( they have worked hard to Dumb us down....and themselves...
please, please, please let this be an April Fool's joke. if it isn't, please let people realize who has done nothing to avert this (in fact, everything possible to exacerbate it), and vote accordingly in november. we need bullet-proof majority house & senate, in addn to WH. Stories my parents & grandparents told of the 1930's are etched in my mind.
ReplyDelete