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US To Materially Expand Food Stamp Program As America Prepares For Surge In "Poverty Effect"
One of the sad side effects of the recent record in food stamp participation is that apparently the 44.2 million Americans who now subsist below the poverty line and rely on the government for basic food needs, have become quite a drag on otherwise insolvent state and local governments. And with monthly increases projected to keep rising in line with the Russell 2000 as the Wealth Effect is constrained to Wall Street, and no end in sight to the Poverty Effect, states are getting nervous. Never fear: the US taxpayer is here. In a press release, the USDA has just announced that it "will award grants to improve access to and increase participation in the
Supplemental Nutrition Assistance Program (SNAP). The grants are for
state and local governments and private non-profit organizations to
develop projects that simplify SNAP application and eligibility systems
and find efficiencies in the administration of the program with the goal
of providing critical nutrition assistance to those in need." Translation: the Fed is about to add the bailout if the Food Stamp program to the infinite list of subsidies that rely exclusively on the generosity of Vassarionovich-Packard.
And the funniest thing about the release, if one can call the progressive conversion of America to an improverished country funny, is the math provided by the USDA to justify the expansion of SNAP.
SNAP benefits, which are provided to recipients electronically, also provide an economic stimulus that strengthens communities. Research shows that every $5 in new SNAP benefits generates as much as $9.00 in economic activity. SNAP benefits move quickly into local economies, with 97 percent of SNAP benefits redeemed within a month. It is estimated that at least 8,900 full-time equivalent jobs are created from $1 billion of SNAP benefits.
So according to this Keynesian version of a perpetual engine, if only all of America's 330 million were to start collecting foodstamps, the benefit to the economy would essentially be 80%. As for the efficiency of the SNAP program, dividing $1 billion by 8,900 jobs, means that each job ends up costing a modest $112,360. That's government efficiency for you.
And the platitudes from the release continue:
These grants are part of a larger effort to end domestic hunger and improve the nutrition of all Americans in need," said Kevin Concannon, USDA Under Secretary for Food, Nutrition and Consumer Services. "The funding leverages our state and local partnerships to better reach individuals at risk of hunger and to increase SNAP participation among eligible households."
In 2009, more than 50 million individuals in the United States lived in food insecure households--over 17 million of them children. These households had difficulty providing enough food for all their members due to a lack of resources at some time during the year. SNAP provides crucial support to low income households by enhancing food purchasing power. Increasing access to this important nutrition program will help struggling individuals and families purchase more healthy food.
In other words, just like the Libyan invasion, this is a humanitarian intervention. Perhaps the government can just start shooting silver-tipped rockets at its population thereby creating an infinite economic growth curve once everyone is homeless, jobless and hungry. We can only hope that just like in Libya, Obama will use silver-tipped rockets which can subsequently be recycled into currency, which will immediately result in several million charges of domestic terrorism.... Assuming of course there is enough physical for that modest "wealth effect" detour.
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I like what Jesus said.
However, it is bad when governments force charity, especially in a democracy, when it is then merely a matter of politicians buying votes.
He also said in the very next chapter Matt 26:11 The poor you will have with you always....
Now I don't think that means you don't don't help them... I just think it means it's never ending.
He sure "nailed" that one.
h/t Gallagher
That's also Lord Blankfein's motto or something close: "The poor will grow larger after my rein...."
Poor is a STATE OF MIND!
A few summers ago a derelict, holding a 'will work for food' sign , and I made eye contact at a stop sign. I didn't have any 'work' for him but offered him $5 if he would give me 50 push ups. I turned and stopped and offered the $5 bill but the derelict just gave me the finger! What does it take to do 50 pushups? 5 maybe 10 minutes if you are weak.
Why are you asking for pushups? Its a moral call at heart.
Maybe it was how you asked? some still cling to what little they may have of dignity.
"Poverty is a hard enough thing without adding to it."
-I cant find the quote. :)
Maybe it was how you asked? some still cling to what little they may have of dignity.
If you are on a corner begging, you have lost all rights and entitlements to your pride and your dignity.
Beggars with Pride ... hmm that's a book title for the USA.
rhino & rangell, sounds like a vaudeville act
you're both scum bags, used douches actually
the bum that refused the pushups for your entertainment knows more about dignity then both of you put together
rhino & rangell, sounds like a vaudeville act
you're both scum bags, used douches actually
the bum that refused the pushups for your entertainment knows more about dignity then both of you put together
rhino & rangell, sounds like a vaudeville act
you're both scum bags, used douches actually
the bum that refused the pushups for your entertainment knows more about dignity then both of you put together
LOL, I bet they're very encouraged.
http://www.youtube.com/watch?v=1z7P1adZ_vg
For those seeing the increase in homelessness, do you tell these people that the S&P is up?
I think it's funny that before snap stood for Supplemental Nutrition Assistance Program, it had already been used for Spay Neuter Assistance Program...
http://www.snapus.org/site/PageServer
No surprises here when you look at who runs the SNAP program...Oh that's right JP Morgan Chase is making huge profits off the program so continue to funnel money from the taxpayers right into their pockets just like every other bailout thus far... FASCISM BITCHEZ get use to it!
Perhaps USDA is working in concert with FEMA as both agencies implement their roles in a Continuity of Government contingency. If the dollar collapses and those SNAP cards stop working, what better way to compile a list of new "residents" for all of those FEMA camps in the USA.
Very interesting serotonindumptruck. I am thinking a 'sweep' will eventually have to occur as FEMA and the National Guard (trucked in from out-of-state to avoid, uh, conflict of interest) finally put their feet down and set up 3-hots-and-a-cot tent cities to handle the overrun.
Here's another thought - conceal that you have any money at all. I found myself starting to prosper right when the general populace was beginning its roller-coaster descent (2005-2006). Because I am an organic Pessimist, my time had come. I was a little too generous with people in my circle; no more.
It is astonishing how broke people are in the U.S.
Sounds like a plan. The Golden Rule is nice, but I prefer the Platinum Rule: Never do for someone what they won't take the time to do for themselves. They don't prepare -- they don't eat. Not my food anyway.
Hopie...changie...is FUBARie
How about dream cars for teens? Financed with money from the next 3-10 generations. For sure, comedy central is more real than this bizzaro world. HaHhahahahahahahahahahahahahahahahahah.
SNAP up TFD?
I wonder if you can get SNAP to pay for pot luck community dinners. Maybe even get then to support a community BBQ.
The problem isn't so much the program or the expansion, its the lack of community that it supports.
For the money spent on SNAP we could get farmers and ranchers to throw a big BBQ every day, for everyone who wanted to come.
The pure waste of money is just....tragic.
- Known wage stagnation
- High unemployment
- Low paying jobs are the bulk of what is available
- All leverage with corporations
- Diminishing benefits
All the while.....
- Deliberate money printing to devalue the currency
- Zero interest rates, starving savers of income
- Rapid inflation in necessities
Seems pretty deliberate to me......
I know a guy who left jail after a 2 year stint for a DUI. He now works under the table for $25/ hour plus has full health, dental and food stamps. Makes me happy to be paying my income tax - nevermind that health insurance premium. There are far too many of these people that take advantage of the system because it's too easy to do. If they got rid of the corruption alone just think of the savings.
25$ an hour is not a ritz cracker. :)
How in the hell do you make $50,000 tax free under the table? WTF?
Hank Paulson made 600 million $ tax free when he sold his Goldman stock to become Secretary of the Treasury, under certain laws designed to no penalize those using the revolving door between Wall St. and Washington d.c. - the other way open a crack franchise in your neighborhood or a nice marijuana grow room in your basement. Capitalism is all about seizing opportunity. Carpe diem.
whats the matter, have all of you snarky commentators turned into bleeding heart liberals!!! nobody has any outrage to share over this???!!!
The smarter and dumber of us, realize that soon it will be we who are on the SNAP tit. You can't compete in the market place with a buyer who can print their own money.
When you can print your own money "price" is no object.
Holy f*** that's an insta 80% risk free arb.
Reports just in Jane Street Capital to be renamed Jane Street Food Stamps. Foodbot Systems announces new femtosecond colo facility at the USDA printing press.
Observers expect Chuck Schumer to hit up the HFFT (High Frequency Foodstamp Trading) industry for backdoor campaign cash ASAP.
Food stamps are nothing but a way to increase money supply by the back door. JPmorgan runs the program, and the SNAP system injects fake food credits a la money supply into the economy.
I' m sure JP is gaming that system if not outright trading snap cash for dollars. They print snap out of thin air...like dollars...except there is no corresponding BOND.
So, fake money is the norm. Food credits, dollar credits, tax credits- ou name it, its all fake holographic nonsense.
And, this keeps the poor out of the bread lines and keeps corporate american ecstatic! Notice that po' people can buy soda, doritos and crap but cannot buy organic food? What the fuck is that about?
"Notice that po' people can buy soda, doritos and crap but cannot buy organic food? What the fuck is that about?"
That is about screwing one more small main st business (organic foods) while giving the multinatlcorps another gov hand out.
If I ever need SNAP to feed me and mine, I promise I will never accept it. I will take what I need from others.
Unless you're a competent criminal, please don't. It will cost us more to imprison than feed you.
Hey, just went and got pizza and beer and couldn't decide if I should use my California or Nevada food stamp EBT card.... LOL
Wasn't SNAP a great musical group from the 90s? Enjoy the music...........
http://www.youtube.com/watch?v=_BRv9wGf5pk
http://www.youtube.com/watch?v=WMPM1q_Uyxc&feature=fvwrel
Things are getting worse.
Research shows that every $5 in new SNAP benefits generates as much as $9.00 in economic activity.
Holy crap. Orwell would be proud.
I am of the opinion that its high time that this 44.2 million people number on food stamps have some sort of heuristics or birth/death like adjustment made immediately.
These prompt and effective revisions would make me feel much better.
The politicians make rules only to help those who are useful to them.
They bail out the bankers and the rich corporations (who should not be in business because of their incompetencies) without even changing their previous management because they fund the election campaigns and also place them in their organisations at exorbitant salaries once they leave office. This class alongwith the rich individuals pay the minimum amount of tax while getting the maximum benefit of the tax collected from the rest of the population in the form of bailouts.
The politicians make promises to unions and pay them salaries which the employees in the private sector can only dream of in return for votes which would get them elected.
What use are the rest of the citizens for the politicians? They are just burden on the money available to be distributed to the bankers, corporates, rich individuals and unions. Hence they would be the first to loose their privileges.
http://www.marketoracle.co.uk/Article24581.html