The food stamp economic recovery – Food stamps increase by over 600,000 in last month of data. GDP at record levels yet US employment is 4 million below start of recession.
There was a startling figure that came across my desk from the United States Department of Agriculture regarding food stamp usage in the SNAP program. Food stamp usage has grown dramatically in the last decade even during the debt inspired boom times. Yet the devil is always in the details as we reported with the […]
US households already went off their fiscal cliff and breached their debt ceiling – US quickly approaching another debt ceiling limit aligning with the fiscal cliff.
Few people realize that the debt ceiling is aligning right on track with the fiscal cliff. Total public outstanding debt is now at $16.369 trillion and is only $63 billion away from breaching the limit. Not a coincidence that the fiscal cliff is also on the horizon. In essence, we are addicted to debt. However […]
Engaging debt spiral – Spillover to US market from record European Union Unemployment – US exports over $260 billion to Europe every year. Why is the EU crisis no longer in the US press?
It is hard to tell why the European Crisis fell out of favor in the US media. The EU is the largest economy in the world punching in over US$17 trillion a year in GDP. The idea that things have been saved is clearly not the case. Sticking your fingers deep in your ears is […]
The Temple of Inflation – where does the typical Americans spend their money? A comparison between 1986 and today.
For most people that I know the mortgage and rent payment will eat up the largest portion of a monthly budget. This is the case for the vast majority of Americans as well. Housing is the biggest line item expense on the monthly budget. For the most part people tend to think that the Federal […]