Cruxallaneous - Welfare applications are soaring

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Welfare applications are soaring

Monday, June 22, 2009
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By Daily Crux Editor Brandon Herrin:

One of the few growth industries right now: processing welfare claims.

The states with the highest unemployment rates are suffering the worst increases. California's applications are up 10% in the past year... Oregon's are up 27%... South Carolina's are up 23%.

Welfare cases are catching up to a similar handout program, food stamps... a program that has seen a 19% increase in recipients in the past year.

Read full article...

More ugly recession news:

Marc Faber: "The U.S. gov't for sure will go bust"

California disaster continues: Unemployment rate climbs to three-decade high

Top investor Hussman warns of a giant mortgage reset wave set to slam the market

Topics:		Cruxallaneous

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