October 27, 2025 • 9 mins
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CBS News reports that 43 million Americans—one in eight—are now on food stamps, sparking outrage and disbelief over the nation’s growing dependence on government aid. With fears of SNAP benefit cuts and even theft threats circulating online, critics say the U.S. has created a culture of entitlement and dependency that mirrors addiction. As states like Virginia declare emergencies over delayed benefits, calls for deep welfare reform grow louder, questioning how America reached this point—and what it will take to reverse it.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
CBS News reports that 43 million Americans—one in eight—are now on food stamps, sparking outrage and disbelief over the nation’s growing dependence on government aid. With fears of SNAP benefit cuts and even theft threats circulating online, critics say the U.S. has created a culture of entitlement and dependency that mirrors addiction. As states like Virginia declare emergencies over delayed benefits, calls for deep welfare reform grow louder, questioning how America reached this point—and what it will take to reverse it.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
E B T Nation. I can't even believe it. CBS
News actually put out the fact that one in eight
Americans are on food stamps, because that'll go both ways.
I'm sure that they were trying to look for a
lot of sympathy for the people that are going to
(00:36):
have their food stamps cut off within the next couple
of days, and I still am not necessarily sure that
that's going to happen. I think at the last hour, okay, oh, yes,
here we come to save the day. Oh, there'll be
a meeting of the minds, and Chuck Schumer will get
together with Dune and they will reopen the government and
everybody will get their food stamps again. Watching all the
(01:02):
videos being made, I get you know, people, I know, Okay,
you don't have to send them to me. Okay, I know,
I'm aware of what's going on out there, and quite frankly,
it really makes me upset. It does does all the
people planning on knocking off walmarts and stores, and we're
going to go out and steal if our EBT gets
(01:23):
cut off. Oh man, I just see the text I
got from my daughter because she's seeing this today and
she is I told her. I texted her back. I said,
you know, let me see. I said, you sound like
a young Chris Markowski. I said. What I do now
is I pray for these people. I do because it
just makes me sad. It really does. Sure, am I
(01:46):
angered by it? Yeah? Absolutely, but it makes me sad.
And this is what we've done. This is what we've done.
This is what handouts and giveaways and continuing to extend
all these things do. It's you create a pathology that
is like drug addiction. It's just that simple. And I've
said it again and again and again. It's so bad.
(02:08):
You got that. You got Glenn Youngkin in Virginia, he's
declaring a state of emergency. A state of emergency, okay,
because of snap benefits not being paid. A state of emergency. No no, no,
no no no no no no flood, no fire, no hurricane,
(02:29):
food stamps being cut off. State of emergency, State of Virginia.
Pretty sad quite frankly. Yeah, forty three point one million
people taxpayers of this country. Okay, the taxpayers of this
(02:52):
country are providing forty three point one million people with
food stamps. You don't want to know what the argument is.
Pelosi makes this argument leftist is, oh, the food stamps
are great. For every dollar we spend in food stamps,
it creates a dollar fifty in economic activity. You ever
(03:15):
hear that, You ever hear that nonsense? We share with
you a story I was reminded of today, and I
love making fun of economists. Here you got You got
two leftists economists. Okay, two leftists economists out there, and
they're walking in a forest together, and they stumble upon
(03:37):
a pile of shit. Yeh. And the first economist says
to the other economists, both leftists, I'll pay you one
hundred dollars to eat that pile of shit. The second
economist takes the one hundred dollars and eats the pile
of shit. They continue walking until they come across a
second pile of shit. The second economist turns to the
(03:59):
first and says, I'll pay you one hundred dollars to
eat that pile of shit. First economists takes one hundred
dollars and eats it walking a little more. The first
economist looks at the second and says, you know, I
gave you one hundred dollars to eat shit, then you
gave me back the same one hundred dollars to eat shit.
I can't help but feel like both of us just
ate shit for nothing. Oh no, we increase, We increase
(04:23):
GDP by two hundred bucks. That's typical leftists thinking at
this point in time. Some of the other things that
we're taking a look at. You can take a look
at again, food stamps in this country by ethnicity. Ethnicity. Again,
(04:46):
that's not racist, this is just facts. Okay, forty five
point six percent are going to Afghans, forty two point four,
Somali thirty four point eight, thirty four point four, Dominican
twenty eight point two, UH Caribbean twenty seven point two,
(05:06):
Puerto Rican twenty five point two, Cuban. I go right
on down the list here and how this is and
again it's looking at people that are coming here from
all over And again you don't have to be legal
to get this stuff, Okay, you don't. You take a
(05:26):
look at the numbers. It's going to and it's not
getting people. It's everything. It's food stamps, it's Section eight housing,
it's Medican, it's the damn phones. A brand new iPhone
is over one thousand freaking dollars, for crying out loud,
how do you have an iPhone? Well, very simply, you
(05:47):
see taxpayers pay for that. Remember that, Remember remember the
Obama phone thing. I voted for Obama game and my
Albama phone, my Obama phone. You get that little that
little tax that you pay. You take a look at
at your cell phone bill. Okay, that goes to pay
for people's cell phones that are not paying for their
(06:11):
cell phones. You pay for that. We don't pay for that.
And then I'm seeing hearing these SOB stories as well,
like that, Oh my mom is disabled and she's seventy
five years seventy eight years old, she's gonna die without
her food benefits. What your mom? Well, you don't take
(06:35):
care of your family. What you're worried about your If
you're worried about your mom, take care of your mom.
Novel concept, that's that's what families are supposed to do.
But again, this is what we've done. Okay, this is
what unlimited handouts and giveaways and reliance on the government
(06:59):
has done to our society. One in eight Americans are
on food stamps. How did this happen? How did this happen? Again?
Real simple, We're giving away free stuff. We're giving away
(07:21):
free stuff. Vote for me again, my daughter, who's really
angry about this stuff. Again. I'm not happy about either.
But I feel sorry for these people. I do. I do.
I see the people are angry and the guys are
getting white privilege. Well, what's no privilege. What real privilege
(07:44):
is is getting getting your entire life paid for by
somebody else and all these things. I understand, Okay, I
get I get the anger, But I mean, these people,
what are they? I mean, look at their lives. They
(08:06):
don't build anything, they don't create anything. They live off
of others. Do you really think deep down inside there
they're happy. They've got to be miserable. They'd be miserable.
And I've always said it's a big believer in life.
You've got to be overcoming obstacles and achieving goals and
doing things in particular for yourself and for your family.
(08:27):
What type of self words are going to have if
they're just living off of others, and they act like
it with pride, and again it pisses people off because
they see the videos on social media, people taking great
pride in the fact that they're gaming the system and
getting all this stuff. But deep down inside those people
are broken. What do we do well, in my opinion,
(08:55):
In my opinion, we need some serious welfare reform. Welfare
should be about getting people off it, not keeping people
on it, and making it a lifestyle choice here in
this country, and that's what we've done. Watchdog on Wall
Street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
E B T Nation. I can't even believe it. CBS
News actually put out the fact that one in eight
Americans are on food stamps, because that'll go both ways.
I'm sure that they were trying to look for a
lot of sympathy for the people that are going to
(00:36):
have their food stamps cut off within the next couple
of days, and I still am not necessarily sure that
that's going to happen. I think at the last hour, okay, oh, yes,
here we come to save the day. Oh, there'll be
a meeting of the minds, and Chuck Schumer will get
together with Dune and they will reopen the government and
everybody will get their food stamps again. Watching all the
(01:02):
videos being made, I get you know, people, I know, Okay,
you don't have to send them to me. Okay, I know,
I'm aware of what's going on out there, and quite frankly,
it really makes me upset. It does does all the
people planning on knocking off walmarts and stores, and we're
going to go out and steal if our EBT gets
(01:23):
cut off. Oh man, I just see the text I
got from my daughter because she's seeing this today and
she is I told her. I texted her back. I said,
you know, let me see. I said, you sound like
a young Chris Markowski. I said. What I do now
is I pray for these people. I do because it
just makes me sad. It really does. Sure, am I
(01:46):
angered by it? Yeah? Absolutely, but it makes me sad.
And this is what we've done. This is what we've done.
This is what handouts and giveaways and continuing to extend
all these things do. It's you create a pathology that
is like drug addiction. It's just that simple. And I've
said it again and again and again. It's so bad.
(02:08):
You got that. You got Glenn Youngkin in Virginia, he's
declaring a state of emergency. A state of emergency, okay,
because of snap benefits not being paid. A state of emergency. No no, no,
no no no no no no flood, no fire, no hurricane,
(02:29):
food stamps being cut off. State of emergency, State of Virginia.
Pretty sad quite frankly. Yeah, forty three point one million
people taxpayers of this country. Okay, the taxpayers of this
(02:52):
country are providing forty three point one million people with
food stamps. You don't want to know what the argument is.
Pelosi makes this argument leftist is, oh, the food stamps
are great. For every dollar we spend in food stamps,
it creates a dollar fifty in economic activity. You ever
(03:15):
hear that, You ever hear that nonsense? We share with
you a story I was reminded of today, and I
love making fun of economists. Here you got You got
two leftists economists. Okay, two leftists economists out there, and
they're walking in a forest together, and they stumble upon
(03:37):
a pile of shit. Yeh. And the first economist says
to the other economists, both leftists, I'll pay you one
hundred dollars to eat that pile of shit. The second
economist takes the one hundred dollars and eats the pile
of shit. They continue walking until they come across a
second pile of shit. The second economist turns to the
(03:59):
first and says, I'll pay you one hundred dollars to
eat that pile of shit. First economists takes one hundred
dollars and eats it walking a little more. The first
economist looks at the second and says, you know, I
gave you one hundred dollars to eat shit, then you
gave me back the same one hundred dollars to eat shit.
I can't help but feel like both of us just
ate shit for nothing. Oh no, we increase, We increase
(04:23):
GDP by two hundred bucks. That's typical leftists thinking at
this point in time. Some of the other things that
we're taking a look at. You can take a look
at again, food stamps in this country by ethnicity. Ethnicity. Again,
(04:46):
that's not racist, this is just facts. Okay, forty five
point six percent are going to Afghans, forty two point four,
Somali thirty four point eight, thirty four point four, Dominican
twenty eight point two, UH Caribbean twenty seven point two,
(05:06):
Puerto Rican twenty five point two, Cuban. I go right
on down the list here and how this is and
again it's looking at people that are coming here from
all over And again you don't have to be legal
to get this stuff, Okay, you don't. You take a
(05:26):
look at the numbers. It's going to and it's not
getting people. It's everything. It's food stamps, it's Section eight housing,
it's Medican, it's the damn phones. A brand new iPhone
is over one thousand freaking dollars, for crying out loud,
how do you have an iPhone? Well, very simply, you
(05:47):
see taxpayers pay for that. Remember that, Remember remember the
Obama phone thing. I voted for Obama game and my
Albama phone, my Obama phone. You get that little that
little tax that you pay. You take a look at
at your cell phone bill. Okay, that goes to pay
for people's cell phones that are not paying for their
(06:11):
cell phones. You pay for that. We don't pay for that.
And then I'm seeing hearing these SOB stories as well,
like that, Oh my mom is disabled and she's seventy
five years seventy eight years old, she's gonna die without
her food benefits. What your mom? Well, you don't take
(06:35):
care of your family. What you're worried about your If
you're worried about your mom, take care of your mom.
Novel concept, that's that's what families are supposed to do.
But again, this is what we've done. Okay, this is
what unlimited handouts and giveaways and reliance on the government
(06:59):
has done to our society. One in eight Americans are
on food stamps. How did this happen? How did this happen? Again?
Real simple, We're giving away free stuff. We're giving away
(07:21):
free stuff. Vote for me again, my daughter, who's really
angry about this stuff. Again. I'm not happy about either.
But I feel sorry for these people. I do. I do.
I see the people are angry and the guys are
getting white privilege. Well, what's no privilege. What real privilege
(07:44):
is is getting getting your entire life paid for by
somebody else and all these things. I understand, Okay, I
get I get the anger, But I mean, these people,
what are they? I mean, look at their lives. They
(08:06):
don't build anything, they don't create anything. They live off
of others. Do you really think deep down inside there
they're happy. They've got to be miserable. They'd be miserable.
And I've always said it's a big believer in life.
You've got to be overcoming obstacles and achieving goals and
doing things in particular for yourself and for your family.
(08:27):
What type of self words are going to have if
they're just living off of others, and they act like
it with pride, and again it pisses people off because
they see the videos on social media, people taking great
pride in the fact that they're gaming the system and
getting all this stuff. But deep down inside those people
are broken. What do we do well, in my opinion,
(08:55):
In my opinion, we need some serious welfare reform. Welfare
should be about getting people off it, not keeping people
on it, and making it a lifestyle choice here in
this country, and that's what we've done. Watchdog on Wall
Street dot Com
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