Friday, April 20, 2012

Government promises: food stamp growth over job growth

The US food stamp program is based on criteria that gives money towards individuals and families that live below certain economic scales.  This includes those who might even have a job(s).

However, the crux is that growth in food stamp recipients is expected to rise through 2014 according to a new CBO projection, and this shows evidence that the government doesn't really believe there will be any new substantial job growth for Americans over the next two years.


Chart courtesy of the Congressional Budget Office (CBO)

The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It  said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.
Spending for the program, not including administrative costs, rose to $72 billion in 2011, up from $30 billion four years earlier. The CBO projected that one in seven U.S. residents received food stamps last year.

In a report, the CBO said roughly two-thirds of jump in spending was tied to an increase in the number of people participating in the program, which provides access to food for the poor, elderly, and disabled. It said another 20% “of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the” 2009 stimulus law. - blog.wsj.com

Yet, the SNAP food stamp program is broken, as seen here where Atlanta prison inmates bragged about how much food they accumulated behind bars using a EBT card they lawfully got from government agencies.



And we wonder why the Budget deficit is over $150 billion per month, and showing no signs of slowing.

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