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March 31, 2008
Posted: 05:48 PM ET
FROM CNN’s Jack Cafferty: Here’s a heart-breaking statistic. We tout ourselves as the richest country in the world. But the number of Americans receiving food stamps is projected to reach 28 million this year. The New York Times reports this is the highest level since the food stamp program began in the nineteen sixties. The number of recipients around the country who have near poverty incomes to qualify for the aid are staggering. Fourteen states have seen record increases in the number of people on food stamps just since last December. Among them, Michigan, where it’s one in eight, West Virginia where it’s one in six, and Ohio, where it’s one in ten. Of the 50 states, 40 saw their numbers rise with several of them actually seeing increases of ten percent or more. While the federal government is bailing out failing investment banks like Bear Stearns, an estimated two million people are looking at the possible loss of their homes through foreclosure. Last month the U.S. economy actually lost sixty three thousand jobs. While the cost of food is expected to go up by four percent this year, and the average cost of a gallon of gas is three dollars and twenty nine cents… almost a dollar more than it was a year ago. Some experts predict $4 a gallon gasoline this Spring. Here’s my question to you: What’s the answer to a record 28 million Americans being on food stamps? Interested to know which ones made it on air?
Harold from Anchorage, Alaska writes: Cookie from South Dakota wrties: Bob writes: Jack writes: David writes: Filed under: US Economy
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