Blog author: jcarter
Wednesday, September 5, 2012

Sign of the times of the day:

Food-stamp use reached a record 46.7 million people in June, the government said, as Democrats prepare to nominate President Barack Obama for a second term with the economy as a chief issue in the campaign.

[. . .]

Food-stamp spending, which more than doubled in four years to a record $75.7 billion in the fiscal year ended Sept. 30, 2011, is the U.S. Department of Agriculture’s biggest annual expense. Republicans in Congress have criticized the cost of the program, and the House budget plan approved in April sponsored by Representative Paul Ryan of Wisconsin, the party’s vice- presidential nominee, would cut expenses by $33 billion over 10 years.

  • Lynx Pardinus

    From the rest of that article: “As Bloomberg View editors have argued,
    the $210 billion spent on food stamps, unemployment insurance and
    welfare in fiscal year 2012 is small compared to other spending. During
    the same period, the U.S. will spend $1.3 trillion on Social Security and Medicare, in addition to $700 billion on defense.

    According to an April 2012 USDA study, SNAP reduced the poverty rate by 4.4 percent between 2000 and 2009. Since then, poverty has increased and median incomes have fallen. The program is not only keeping hunger at bay for millions of Americans. It is buttressing the nation’s standard of living.”

    • Robert Over

      I’d say so….I know many drug dealers who’ll accept payment for dope…50 cents on the dollar, a few bars I can receive cash back from buying a pitcher of beer with a ten spot stamp, then go home, get high eat a steak and not worry about loosing my income over drug testing….great standard of living…off those who actually contribute by paying taxes. Cutting the defense spending seems a good move…weakening our chances of continued freedom and bringing home the soldiers who have a job to being unemployed….hummmmm