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Holy Crap, The Economy Is Kinda Screwed

Oct. 27 2008, Published 7:07 a.m. ET

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MMM, FREE BREAD Coming Soon "Startling official statistics show that as a new economic recession stalks the United States, a record number of Americans will shortly be depending on food stamps just to feed themselves and their families," notes Britian's Independent. According to the Wall Street Journal, even the well-off are delaying retirement due to the tanking stock market and the decline in housing prices. "To document similar conditions, 'you'd have to go back to the era of the Great Depression,' says financial historian Richard Sylla of New York University's Stern School of Business." The Times reports that "the Social Security system is choking on paperwork and spending millions of dollars a year screening dubious applications for disability benefits," mainly because insurance companies don't like to pay out. Meanwhile, you're busy reading blogs. Get back to work, slacker, jobs are next to go.

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