Signs of an Arizona Depression?


Chip Diller

Another scary story via Drudge Report asserting that the US is heading into a Depression. Yes, that’s right, not a recession but rather a depression.

The article states that the rising demand for food stamps is a good indication that things are rapidly heading downhill. According to the article, “Forty states are reporting increases in applications for the stamps, actually electronic cards that are filled automatically once a month by the government and are swiped by shoppers at the till, in the 12 months from December 2006. At least six states, including Florida, Arizona and Maryland, have had a 10 per cent increase in the past year.”

Although we’re not entirely privy to the backroom details, Sonoran Alliance would like to know just how bad things really are, especially in light of the Governor’s reaction to the State Treasurer, Dean Martin’s assertion that the State will run out of money within the next 30 days.

The Governor’s non-chalant attitude makes us wonder if there are details she would rather not reveal as she nears a potential exit to a national level post.

I’d hate to be Secretary of State Jan Brewer and inherit Napolitano’s crisis.


Comments

  1. British press calling a possible US depression….basing the report on increased food stamps during a time of an organized effort to enroll users and the elimination of the old paper coupons for a debit style card? Don’t think so.

    But… we do need a refresher course in conservative living. Waste and consumption just because we can, is a sin regardless. The need to save on gas, groceries, and other commodities should be something we are proud of and not taken as a sign of inferiority.

  2. The National Bureau of Economic Research is forcasting economic GROWTH for Q12008 of 0.5% (about the same as last quarter) with unemployment reaching 6% in the summer.

    According to the MSM, a recession is now defined as economic growth…

  3. The Brits must be inherently pessimistic. Thanks for keeping the glass half-full!

  4. CHUCK 57 says:

    The situation may not be quite as dire as reported and what a surprise that would be. James Taranto explains in his excellent “Best of the Web Today” (opinionjournal.com) that the government substantially expanded food stamp eligibility in the 2002 Farm Bill. Mr. Taranto goes on to point out that the British article cites as additional reasons for the increased use, “recent efforts to increase public awareness of the programme and also a switch from paper coupons to electronic debit cards.”

    As Mark Twain reminds us, there are lies, damned lies and statistics.

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