Feed the babies
Who don't have enough to eat
Shoe the children
With no shoes on their feet
House the people
Livin' in the streets
Oh, oh, there's a solution
--Steve Miller Band
Informative video on the rising American dependence on food stamps. We've noted escalating SNAP enrollment before. About 50 million Americans now use food stamps.
The video also brings out the role of corporations in the process. Simply stated, food stamp programs are money makers for many retailers such as Wal-Mart (WMT) and those producers who supply them. They have a vested interest in encouraging food stamp programs and do so via lobbying and other avenues that secure political influence.
The result? Another avenue for transferring wealth and for unnaturally skewing wealth distribution. And an increasingly institutionalized mindset in the value of welfare programs despite an economic scoreboard that indicates the opposite.
SNAP is one of many factors driving our addiction--our ever increasing dependence on spending and debt.
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The Congressional Budget Office projects that food-stamp expenditure, measured as a share of gross domestic product, will decrease to its mid-1990s level by 2019, according to analysis by the Center on Budget and Policy Priorities, a left-leaning think tank.
~Khadeeja Safdar, Wall Street Journal
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