Saturday, November 2, 2013

FOOD STAMPS ARE PROFITABLE

NOT THE RECIPIENT
Johann Wagener 11-3-13

There are some who would have you believe that people on Food Stamps are cons and freeloaders but how that it match up with this?

Meanwhile, according to the National Priorities Project the government is handing over $1 trillion a year to the wealthiest and corporations in the form of “tax expenditures.” Then there is that $450 billion a year that the IRS just fails to collect. The corporate foreign-income tax “deferral” has corporations holding as much as $2 trillion of taxable income outside the country. And hedge-fund managers making into the billions each year still get their Romney-style tax breaks.




Yet Republicans are picking on the poorest citizens, lying and smearing them as lazy druggies and blaming them for the high unemployment by saying that $133 a month is keeping them from bothering to look for a job. Why do we put up with this?



Especially when the opposite is true. People on food stamps generate profits for big business; especially super market and fast food chains. Considering that Republicans champion the business community it seems they are shooting themselves in the foot. 



The concern? Economists have found that every dollar of SNAP spending generates roughly $1.70 in local economic activity. The USDA has calculated that food stamps generate an even bigger bang for the buck. So pinching food stamp recipients will ripple into the broader U.S. economy. Among other effects, that could dent revenues for the nearly 250,000 groceries and supermarkets around the country that accept SNAP payments, potentially affecting everyone from store workers and truck drivers delivering food to consumers, as food sellers raise prices to offset the loss of revenue.