CNBC is reporting America’s “social safety net” programs the federal government provides i.e. welfare
The Indiana Family and Social Services Administration has announced new rules for food stamp recipients. Continue reading →
Foxnews.com had a write up on food stamp work requirements and showed some startling news
Continue reading →
Milton Friedman once said, “There’s no such thing as a free lunch” and the Government Accountability Office is proving this to be true. The GAO is reporting the federal government last year spent $100 Billion in food assistance programs. Giving people money to get food is now a big Continue reading →
Lauren Cooley over at TurningPointUSA.net found a celebration on social media of people using food stamps i.e. EBT cards. Take a look at the story here. I’m only posting 4 photos but she posted a lot more for the public to see.
A study of food stamp recipients led to an interesting find for one group of college professors. Here is what they found:
When monthly food-stamp distributions fall on a weekend, beer sales to that population jump – by up to 7%.
When food stamp funds are distributed on Saturday or Sunday, monthly sales of beer jump as much as 51 ounces more a month among those eligible for food stamps, the study found. That could be a lot of booze: Close to 23 million households receive Supplemental Nutrition Assistance Program (SNAP) benefits, widely known as food stamps, according to the latest government data.
Their research was very extensive and spanned several years.
This jump in beer-buying only appears for food-stamp-eligible households and not for the non-eligible households, according to the report titled “One More Saturday Night: Food Stamp Timing and Monthly Consumption Patterns.”
The authors analyzed data from Nielsen Homescan Consumer Panel Dataset, which includes purchasing information from between 40,000 and 60,000 households in the years from 2004 to 2011. Because the households each use a scanning device, the data includes detailed information about the exact products in the consumer basket including beer and tobacco. What it doesn’t include is what’s spent at bars and restaurants.
You can read the rest of Wall Street Journal article here.
With fuel prices dropping over the last several months, many shoppers are asking why food prices have not shown corresponding drops in prices. The asnwer may surprise you in how much fuel costs affect grocery store bills.
Annemarie Kuhns with the Agriculture Department’s Economic Research Service is reporting that only 4.7 cents of every dollar spent at the supermarket goes toward food transportation costs
So less than 5% of your bill is attributed to fuel costs.
My niche in my blog posts is inflation tracking. I do it because of how I position my investments and watching the unethical approach by MSM in not tracking it. Inflation hurts a lot of people and sucks money out of the economy that can be used for savings or other purchases. This update of increases comes from the Wall Street Journal:
Food prices rose 0.3% in December and 3.4% from a year earlier, the largest 12-month increase since February 2012, the Labor Department said Friday.
You can read the rest here.
Food stamp usage is on the rise again in America. Rough estimate of what the federal government spends is around $77 Billion a year. What makes this news worthy is it conflicts with the notion that the economy is in great shape. Another problem is the program is very lax on rules and has become a new “social justice” program.
Here is more from CNSNews.com
The number of beneficiaries on the Supplemental Nutrition Assistance Program (SNAP)—AKA food stamps–has topped 46,000,000 for 38th straight months, according to data released by the Department of Agriculture (USDA).
In October 2014, the latest month reported, there were 46,674,364 Americans on food stamps. Food stamp recipients have exceeded 46 million since September 2011.
If you don’t believe this program isn’t somewhat over used, let this stat sink in:
In 1969, the average participation in the SNAP program stood at 2,878,000. In 2014, average participation grew to 46,536,000 showing an increase of 1516.96 percent.
Indiana Governor Mike Pence submitted his budget proposal to the House and Senate for approval. The two bodies will debate the bill and then vote on a final budget at a later date.
I went over to the PDF file the state put out on overall spending areas of the budget. The one big glaring issue is the amount of federal funding the state receives for whatever programs are tied with that. Many people will argue that it captures the money Hoosiers pay in federal taxes and brings it back in the state. In that case, the money shouldn’t leave peoples paychecks at and just have it working economically in the first place.
Here are some budget numbers I found in the proposal. The proposal is for fiscal years 2016/2017:
Both years will cost Hoosier’s around $62 Billion
Education will eat up about 33% of the budget with spending projected at $22.5 Billion
Welfare (Food Stamps, Welfare, Medicaid, etc.) is projected at $28 Billion. $19 Billion of that is sent to Indiana by the Federal government. Start grasping we spend more on welfare then education.
Public Safety spending for the budget cycle is $3 Billion. I know Indiana prisons got more money but expect that to go up throughout the years. Criminals now have to serve 75% of the sentences.
The Governor’s office projected federal funds contributing to the budget for a total of $24.9 Billion.