Unitended consequences

Bloomberg: Food-stamp use reached a record 46.7 million people in June, the government said. Food-stamp spending, which more than doubled in four years to a record $75.7 billion in the fiscal year ended Sept. 30, 2011, is the U.S. Department of Agriculture’s biggest annual expense

Too much dependency on government assistance may hinder economic growth because people do not make an effort to find a job and become productive.

Food-stamps are also used as a trading vehicle with unintended consequences. Just google it to find out - from buying drugs to buying shoes.

George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager

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