Tuesday, April 2

Obama the Food Stamp King Strikes Again!

(MONEY) A lot has changed about food stamps during the past few years. For one, the program is currently called the Supplemental Nutrition Assistance Program (SNAP), and it has made buying groceries much easier by providing debit-style cards. But another aspect has changed even more dramatically: The number of Americans tapping into the social-welfare program is soaring. Enrollment in SNAP has surged 70% since 2008, reaching a record 47.8 million Americans in December. Even more shocking, that means 15% of the country receives the benefits, nearly double the rate as in 1975, when the U.S. suffered from soaring inflation, a recession and an oil crisis. As a result, the U.S. spent a record $74.6 billion on food-stamp benefits last year, more than double what the program shelled out before the Great Recession. Remember, that downturn officially ended in 2009, and by many measures the economy has improved since the financial crisis and housing meltdown. So why are the food stamp rolls expanding? It can all be explained by a slow job market, more pockets of poverty and a push from states to get residents to apply for SNAP, reports The Wall Street Journal.
Under Obama, the economic policies failed. It is reflected on how many people apply for food stamps. Because there are no jobs, people are starving. Thus, poverty has increased and food stamps soar.

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