Economy

Po_d Mainiac

(4,183 posts)

6. The words of Rozy...Tuff to embelish on ymmv

Mon Jul 23, 2012, 10:35 PM

Jul 2012

This is looking more and more like a modem-day depression. After all, last month alone, 85,000 Americans signed on for Social Security disability cheques, which exceeded the 80,000 net new jobs that were created: and a record 46 million Americans or 14.8% of the population (also a record) are in the Food Stamp program (participation averaged 7.9% from 1970 to 2000, by way of contrast) — enrollment has risen an average of over 400,000 per month over the past four years. A record share of 41% pay zero national incomes tax as well (58 million), a share that has doubled over the past two decades. Increasingly, the U.S. is following in the footsteps of Europe of becoming a nation of dependants.

http://www.zerohedge.com/news/david-rosenberg-modern-day-depression-vs-dow-20000

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STOCK MARKET WATCH -- Tuesday, 24 July 2012 [View all] Tansy_Gold Jul 2012 OP

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The words of Rozy...Tuff to embelish on ymmv Po_d Mainiac Jul 2012 #6

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