We Are In The Midst Of An Ongoing Economic Collapse Which Is Going To Get Much, Much Worse In The Years Ahead

Monday, October 21, 2013
By Paul Martin

Investmentwatchblog.com
October 21st, 2013

Food Stamp cuts to hit before holidays

Millions of American families could face a sparse holiday table when food stamps benefits get reduced in November, and that could be just the start of deeper cuts to the program to feed poor families.

The modern-day food stamp plan, now called the Supplemental Nutrition Assistance Program, is scheduled to scale back benefits for all recipients on Nov. 1 because a recession-era boost in benefits is expiring.

The cut comes as lawmakers also are considering billions of dollars of reductions to the overall SNAP program, which has grown substantially in recent years amid the weak economy and high unemployment.

http://www.nbcnews.com/business/food-stamp-benefits-going-down-holidays-8C11418632

STUDY: 15 PERCENT OF US YOUTH OUT OF SCHOOL, WORK

WASHINGTON (AP) — Almost 6 million young people are neither in school nor working, according to a study released Monday.

That’s almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, which wrote the report.

Other studies have shown that idle young adults are missing out on a window to build skills they will need later in life or use the knowledge they acquired in college. Without those experiences, they are less likely to command higher salaries and more likely to be an economic drain on their communities.

“This is not a group that we can write off. They just need a chance,” said Mark Edwards, executive director of the coalition of businesses, advocacy groups, policy experts and nonprofit organizations dedicated to increasing economic mobility. “The tendency is to see them as lost souls and see them as unsavable. They are not.”

The Rest…HERE

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