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That first statistic is misleading. 30% of the homes currently financed by a mortgage are underwater. There are many homes owned outright so that percentage is
by steveplace 16y ago
That first statistic is misleading. 30% of the homes currently financed by a mortgage are underwater. There are many homes owned outright so that percentage is much lower (about 17%).
Also, food stamp program participation lags economic growth by a fairly large timeframe. See http://bit.ly/igTa7W http://bit.ly/igTa7W
Finally, I'd recommend using zerohedge as a primary source. That's like citing Fox News or Mother Jones for politics. Instead, go to the source that they scraped their info from for less biased data.