Americans may be sleep walking into an economic Depression

by agora | December 21, 2008 at 09:12 pm
255 views | 11 Recommendations | 2 comments


Food stamps are the symbol of poverty in the U.S. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive - a sure sign the world's richest country faces economic crisis.

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.

Tent cities are also springing up across the United States (Tent cities related videos are published below this article). Some of the economically disenfranchised Americans have sought to apply for refugee status in Windsor, Ontario.

Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting...



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www.agoracosmopolitan.com/home/Frontpage/2008/12/13/02938.html


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Rhonda J Mangus

Thank you for this story, agora.

0
Fairbanks

We'll feed ourselves and the space aliens, too, and not raise a sweat. 

This story was created over 3 months ago, the comment thread is now closed.

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Rhonda J Mangus
First Flagged at 3:30 AM, Dec 22, 2008 by Rhonda J Mangus

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