I goofed in my Blog earlier today when I stated that 100 million Americans are on Food Stamps – or 1 out of every 3 Americans.
The figure is actually 50 million or 1 out of 5. Still pathetic, but only half as bad as my initial number suggested.
I found this out this evening when watching Sun News at 6 p.m. – by happenstance, they had an article on the 8.1% interest rate and said much of what I had pointed out in my earlier Blog. Great Minds Think Alike?
Who knows, but they another figure for me as well – the official Participation Rate – aka – the Employment Rate. The Sun News’ number was 63% which is even lower than the number I worked out in my Blog. This 63% they said, is “the lowest participation rate” in decades.
Moreover, Sun pointed out that the number currently working is the same as it was in year 2000 – despite today’s larger population some 12 years later.
So on balance, everything is as serious as I intimated in my morning’s Blog.
Sorry about that % error though and just so you know, I plan to follow-up with some related Blogs, which I think will continue to shock.
As I see it…
‘K.D. Galagher’
