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Friday, September 07, 2012

Food Stamps: Fat Times For Food Companies, Recipients in $72B Program

Who's getting fat off food stamps?

A record number of Americans—46.7 million, or nearly 1 in 7--now uses the food stamp program, according to the Department of Agriculture. The annual cost of SNAP (the Supplemental Nutrition Assistance Program, as the food stamp program is officially known) hit $72 billion last year, up from $30 billion four years earlier.

SNAP's swelling size and cost have earned it fresh scrutiny from critics, who say SNAP is making two different constituencies fat—big corporations and the poor—the first, figuratively; the second, literally.



Anonymous said...

Don't forget about JP Morgan/Chase bank, the administrator of those cards. They get beaucoups of bucks in transaction fees.

Anonymous said...

This is why I'm not falling for Michelle Obama's concern for childhood obesity. She may be able to fool alot of people but not me. If she were truly concerned about childhood obesity she would be lobbying to limit what can be purchased with government food programs.