44,082,324 people are now receiving food assistance. I would say based on what I have witnessed going on in my rental houses the following can be taken as fact:
- 25% Are dead or the benefit doesn't make it to named recipient
- 50% Trade the card for 50% of the face value in cash
- 20% End up wasting the food (Every time I have a move out they leave tons of food behind)
- 5% Actually feed their needy family
If the US Treasury Department put this information in their offering memorandums do you think it would effect their ability to finance this behavior by selling 30yr debt at 4.75%?