The last month for which data is available, September, shows over 600,000 people went onto the dole in that month alone, comprised of 290,000 households.
In one month!
The average handout is $278.89 per household, or $134.29 per person monthly.
Note that there are only 143,549,000 people in the workforce -- that is, people earning a wage. There are presently 47,710,324 people mooching off those 143,549,000 people to the tune of $134 a month!
To put this in perspective for every three people working one is collecting food stamps. Or, if you prefer, each worker is handing over $44.76 a month to those who are mooching the food stamps.
If the recession ended in 2009 then why is this number going up every month? Why is the employment rate of the working-age population in the ditch and not improving?
The answer is found in the two Tickers I wrote over the weekend in which I went after the political parties (and so-called "economists") who have been lying about so-called "economic growth" that is in fact nothing more than credit expansion -- that is, monetary debasement.
