Post by jeffolie on Jun 29, 2012 15:59:46 GMT -6
Walmart loves food stamps
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" ... Here’s a fairly well-known fact: One in seven Americans is on food stamps.
" ... Here is a lesser-known fact: Food stamps account for 25-40% of the monthly revenue at certain Wal-Mart locations, according to New York University nutrition professor Marion Nestle.
Indeed, Wal-Mart collected nearly half of the total $1.2 billion in food stamp spending in Oklahoma between 2009-11, according to the Tulsa World.
Food stamps — or if you prefer its current nomenclature, the Supplemental Nutrition Assistance Program (SNAP) — has become big business.
Curse the zombies who are on the program all you want... but as you’ll learn today, the zombie class includes the executives of grocery chains, soft-drink makers and the ever-present zombie banks.
The number of Americans on food stamps totaled 46.4 million as of March — the most-recent figure available. The number is down slightly from the record set in January:
While the number of Americans on food stamps grew 70% from 2007-11, the cost of the program grew 135%.
Spending in 2011 totaled $78 billion, according to the Congressional Budget Office. The agency says spending grew faster than the number of recipients for two reasons: First, benefit amounts were increased 15% under the 2009 “stimulus” bill.
Second, as you know all too well... food prices have gone up.
The Agriculture Department is spending up to $3 million to encourage even more people to sign up for SNAP.
The agency figures one out of four people eligible for food stamps isn’t taking advantage. So for the last four months, the USDA’s been running radio commercials “targeted at the elderly, working poor, the unemployed and Hispanics,” reports CNNMoney:
The part about “eating right” is especially rich... considering the vested interests in the program.[/quote]
And it continues on here: 5minforecast.agorafinancial.com/a-78-billion-binge/
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I find this harsh....
sphotos.xx.fbcdn.net/hphotos-ash3/532516_469613209732960_798096637_n.jpg
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America civility has crumbled ....
---------------------------------------------
“Thanks for the good article on food stamps,” a reader writes after yesterday’s episode.
“There is no limit on the junk food you can buy with food stamps. I see people in our local Kroger buying soda, packaged foods, snacks and all sorts of crap and using their food stamp card to pay. Most of them are about 100 pounds overweight.”
“Another crock is some of these same leeches go to a convenience store and sell their food stamps for around 60 cents on the dollar and then buy booze. This whole program should be cut in half.”
“My friend works at Wal-Mart here in Las Vegas,” writes a reader adding some critical detail, “and he tells me how the SNAP people will offer to purchase items for a customer and then charge them half of whatever it costs.”
“This way they can use the money to go buy their alcohol or drugs. They will even give them their identification number to use with the card so they don’t have to go shopping with them!”
“Very timely,” adds a third. “But of all the people you mentioned that had a dog in this fight, you didn’t mention us farmers, who are the real ones ‘getting rich,’ according to the lame stream media.”
“Ask us. We know that the Farm Bill, no matter how big or small, donates at least 65% to food stamps, school lunches and now Michelle’s nutritional programs, plus they’re now adding school breakfast and talking of school dinner (supper, as we call it here in our southland).”
“Believe me, as one with farm interests, there’s no one I know of getting rich off the Farm Bill except the firms you mentioned in your article. Nice job… Keep it up!”
“Doesn’t anyone find it interesting,” writes a fourth, “that food stamp recipients can buy enough Coke to bathe in, enough Cheetos to stuff a mattress and enough Swanson frozen family dinners to ice skate on, but you are forbidden to purchase vitamins or supplements of any kind?”
”What is next? Will Regal Cinemas lobby for swiping my SNAP card for popcorn and soda? Will baseball stadiums let me load up on nachos and Dr. Pepper during the seventh-inning stretch? Soda and snack foods should be banned from SNAP, and only items found in the perimeter of the grocery store allowed!”[/quote]
5minforecast.agorafinancial.com/what-the-supreme-court-cant-touch/
======================
" ... Here’s a fairly well-known fact: One in seven Americans is on food stamps.
" ... Here is a lesser-known fact: Food stamps account for 25-40% of the monthly revenue at certain Wal-Mart locations, according to New York University nutrition professor Marion Nestle.
Indeed, Wal-Mart collected nearly half of the total $1.2 billion in food stamp spending in Oklahoma between 2009-11, according to the Tulsa World.
Food stamps — or if you prefer its current nomenclature, the Supplemental Nutrition Assistance Program (SNAP) — has become big business.
Curse the zombies who are on the program all you want... but as you’ll learn today, the zombie class includes the executives of grocery chains, soft-drink makers and the ever-present zombie banks.
The number of Americans on food stamps totaled 46.4 million as of March — the most-recent figure available. The number is down slightly from the record set in January:
While the number of Americans on food stamps grew 70% from 2007-11, the cost of the program grew 135%.
Spending in 2011 totaled $78 billion, according to the Congressional Budget Office. The agency says spending grew faster than the number of recipients for two reasons: First, benefit amounts were increased 15% under the 2009 “stimulus” bill.
Second, as you know all too well... food prices have gone up.
The Agriculture Department is spending up to $3 million to encourage even more people to sign up for SNAP.
The agency figures one out of four people eligible for food stamps isn’t taking advantage. So for the last four months, the USDA’s been running radio commercials “targeted at the elderly, working poor, the unemployed and Hispanics,” reports CNNMoney:
The part about “eating right” is especially rich... considering the vested interests in the program.[/quote]
And it continues on here: 5minforecast.agorafinancial.com/a-78-billion-binge/
========================
I find this harsh....
sphotos.xx.fbcdn.net/hphotos-ash3/532516_469613209732960_798096637_n.jpg
===================
America civility has crumbled ....
---------------------------------------------
“Thanks for the good article on food stamps,” a reader writes after yesterday’s episode.
“There is no limit on the junk food you can buy with food stamps. I see people in our local Kroger buying soda, packaged foods, snacks and all sorts of crap and using their food stamp card to pay. Most of them are about 100 pounds overweight.”
“Another crock is some of these same leeches go to a convenience store and sell their food stamps for around 60 cents on the dollar and then buy booze. This whole program should be cut in half.”
“My friend works at Wal-Mart here in Las Vegas,” writes a reader adding some critical detail, “and he tells me how the SNAP people will offer to purchase items for a customer and then charge them half of whatever it costs.”
“This way they can use the money to go buy their alcohol or drugs. They will even give them their identification number to use with the card so they don’t have to go shopping with them!”
“Very timely,” adds a third. “But of all the people you mentioned that had a dog in this fight, you didn’t mention us farmers, who are the real ones ‘getting rich,’ according to the lame stream media.”
“Ask us. We know that the Farm Bill, no matter how big or small, donates at least 65% to food stamps, school lunches and now Michelle’s nutritional programs, plus they’re now adding school breakfast and talking of school dinner (supper, as we call it here in our southland).”
“Believe me, as one with farm interests, there’s no one I know of getting rich off the Farm Bill except the firms you mentioned in your article. Nice job… Keep it up!”
“Doesn’t anyone find it interesting,” writes a fourth, “that food stamp recipients can buy enough Coke to bathe in, enough Cheetos to stuff a mattress and enough Swanson frozen family dinners to ice skate on, but you are forbidden to purchase vitamins or supplements of any kind?”
”What is next? Will Regal Cinemas lobby for swiping my SNAP card for popcorn and soda? Will baseball stadiums let me load up on nachos and Dr. Pepper during the seventh-inning stretch? Soda and snack foods should be banned from SNAP, and only items found in the perimeter of the grocery store allowed!”[/quote]
5minforecast.agorafinancial.com/what-the-supreme-court-cant-touch/