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Title: America's Lost Decade In One Simple Chart
Source:
ZeroHedge
URL Source: http://www.zerohedge.com/news/2012- ... s-lost-decade-one-simple-chart
Published: Nov 27, 2012
Author: Tyler Durden
Post Date: 2012-11-27 23:49:05 by Esso
Keywords: None
Views: 108
Comments: 2
Forget the stock market's dismal decade of much-ado-about-nothing and ignore the USD Dollar's declination; when it comes to reflection on what this once great nation has 'created' since 2001, the following chart from Pennsylvania's Department of Public Welfare sums it up better than most. 
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#2. To: Esso (#0)
Let's see. Govt vs private employment effectively cancelled each other out, moving only a little in all that time. Medicaid inched upward, reflecting the aging of America and the effort of brutally high health costs. But food stamps went way up. Food stamps do not require that someone be sick or unemployable or on welfare. A very considerable number of food stamps are also the result of the aging of America, as the Baby Boom generation retires and has trouble living on a pension that was invested in Enron stock. But, since food stamps can go to people who are employed and not on welfare, a significant chunk goes to military families whose breadwinner has been stoplossed and is now on his fourth or fifth round in Aghanistan, Pakistan or some other pest hole. It can also be going to the very considerable number of workers who have been downgraded to part time or who have had their pay cut severely.
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