A food stamp cut is coming
The current temporary boost in aid is set to expire in November, and there's little political will to do much about it.
As the Center on Budget and Policy Priorities points out, the 2009 American Recovery and Reinvestment Act's temporary funding increase for the Supplemental Nutrition Assistance Program (SNAP) ends in November. While President Barack Obama and some members of Congress have occasionally mentioned renewing it, the political will to keep it in place appears to be lacking.
With the number of food stamp recipients nearly tripling from 17 million in 1997 to more than 47 million today and the program's annual cost more than doubling to $80 billion, critics see any reduction as a victory.
Families of three receiving benefits, however, would see cuts of $29 a month, or $319 a year, according to the CBPP. That adds up to $5 billion in total reductions and would trim benefits to roughly $1.40 per meal.
The cuts will affect an estimated 23 million households and roughly 22 million children. It will also disproportionately affect states where 1 in 5 residents are on food stamps, including Mississippi, Tennessee, New Mexico and Oregon. Even in California, where it's notoriously tough to get food stamps and only 11% of the population uses them, $457 million in benefits are about to disappear.
Don't laugh, Texas and Florida: The cuts will take nearly $400 million worth of food stamps off the table in each of your states.
People holding out for a last-minute solution might want to consider expending their energy more efficiently elsewhere. When Congress sees a nice, fat cut that it can make with only token political resistance, it will do so every time. Just look at your paycheck and think back to how expendable the payroll tax cut was during the fiscal cliff fight at the beginning of the year.
With 15% of the nation on food stamps, any loss of benefits is going to hurt. That this cut is expiring without much of a fight does little to ease the pain.
I know a few people who actually need food assistance, and can't get it (mainly because they're citizens, white, and worked/paid taxes all of their lives.) And, I still see illegal immigrants driving around in $50K SUV's with big, shiny wheels and loud stereos, that have never worked a day in their life, or paid taxes.
You tell me....There's something way wrong with the system.
Anybody on food stamps should have their income and expenditures audited as if they are going through bankruptcy. True need should be verified.
Gee, what a shame. Maybe with the cuts they'll stop buying all that junk food (which should be prohibited anyway) and start buying nutritional food (which is all that should have ever been allowed to start with).. It is, after all, called the Supplemental NUTRITION Assistance Program, not the Supplemental Junk Food Assistance Program!
Food Stamps are one of the most abused and wasteful social program this country has ever developed. A family of four receives more money monthly then my family of five spends a month on food. The amount paid out each month should be cut by at least one third. Purchases by food stamps should be (if not already) restricted to the following: Fresh/frozen non prepared meats & fish, fresh/frozen non prepared vegetables, deli meats/cheeses, canned goods, breads, non sweetened dairy, and non sweetened juices. The following should always be banned, and processes need to be in place where not already, to restrict: Soda, bottled water, power and energy drinks, sweetened juices, coffee, tea, ice cream, candy, energy bars, any pre-prepared meals or sandwiches, snacks/junk food, or any food that is mail ordered or shipped anywhere. If these rules would be followed, and recipients would learn how to shop and properly eat, no one would be hungry and we the taxpayers would save billions.
Tobacco and alcohol should be banned from purchase by welfare funds. No cash should be allowed to be pulled off of any assistance cards except at banks and should be limited to a very low percentage of funds.
GET A JOB YOU LAZY SOB! I'M TIRED OF CARRYING YOUR SORRY **** LOSER!
Food stamps should only be available for people who are totally and permanently disabled. The others should get a job and buy there own food. What, you say they can't get a job? How come 15 million Mexican's have found jobs here?
Maybe there wouldn't be a need for stamps or other welfare if the breeding farms would stop producing baby's. If you can't feed the kids, then you shouldn't be allowed to have them. Sterilize the baby producers and the problems will go away.
ALL government programs will be cut. Food stamps, medicare, medicaid, social security, Obamacare, etc. It's simple math. We don't have the money for all the "promised" benefits.
Those who depend on the government are screwed. Benefits will continue to be cut and out-of-pocket costs will continue to increase.
With our current government, eventually all taxpayers will be poor, while the aristocrats in government live the high life.
Ready for a change yet?
Oh wait, politicians are lobbyists :P
I think this needed to happen, as it appears to be a step in the right direction (5 billion in savings).
I do find it strange how Obama continues to bash the very people who voted for him. It will be interesting to see how this affects the upcoming elections.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
More Market News
The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'