Business
See other Business Articles
Title: Food-Stamp Spending Seen Dropping in 2013 on U.S. Jobs Outlook
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2012- ... -2013-on-u-s-jobs-outlook.html
Published: Feb 13, 2012
Author: Alan Bjerga
Post Date: 2012-02-13 12:13:42 by Brian S
Keywords: None
Views: 843
Comments: 2
Spending on food-stamp benefits would fall 0.6 percent to $69.9 billion in the year starting 2013 as employment improves, according to projections contained in the budget President Barack Obama submitted to Congress today. Spending for the food-stamp component of the Supplemental Nutrition Assistance Program, or SNAP, still would be the second-highest on record and 17 percent above 2011, the government said in its proposal for U.S. Department of Agriculture spending. Overall budget authority for all related initiatives would fall 0.9 percent to $87.4 billion. “SNAP is the cornerstone of our nation’s food-assistance safety net and touches the lives of more than 46 million people,” acccording to the budget document. Food stamps have become a theme in this year’s presidential campaign, as enrollment has increased 47 percent since December 2008, a month before President Barack Obama took office. The program’s rising cost has been called unsustainable by Republicans including Newt Gingrich, who has labeled Obama “the best food-stamp president in American history.” About 46.286 million Americans received aid in November, the last month for which data was available, up 0.1 percent from October, according to the USDA. Participation was 6.2 percent higher than a year earlier. The government spent $6.21 billion on the program for the month, up 6.9 percent from 2010. The number of Americans receiving assistance under the program set records every month from December 2008 until June 2011 and has changed little since September. Joblessness (USURTOT) fell to 8.3 percent in January from 8.5 percent in December, the Labor Department said last month. Food-stamp enrollment tends to lag unemployment gains and declines. Participation in the program should fall as the economy improves, according to Kevin Concannon, the head of the USDA’s Food and Nutrition Service.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Brian S, *Ron Paul for President* (#0)
Obama's numbers are based on Ron Paul becoming president.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Comrades, I again am left stunned by Dear Leader™ 's dedication to give all things to all his subjects constituency. By simply raising the debt ceiling Dear Leader™ can continue his struggle for truth, justice, and free hand outs for the great unwashed masses! Trust the party, comrades! Right is wrong! Up is down! 1+1=5! Spending is saving! http://thehill.com/homenews/administration/203359-obama-administration-to-ask-congress-for-debt-ceiling-increase-in-matter-of-days The White House will be asking Congress to raise the U.S. borrowing limit by $1.2 trillion. The move would mark the third and final increase from the debt-ceiling deal reached last year by Congress. The United States reached the $15.194 trillion debt limit on Jan. 4, according to Treasury statements. Let's be honest, comrades! Whats a measley 1.2T between ol' freinds?
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#2. To: Brian SS (#0)
Seen Dropping in 2013
The Glorious world of Next Tuesday could be at hand!
100% Infidel
1/11/2012, 4:05 am
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]