Latest Obama Outrage: More People on Food Stamps Than Working Full Time
Politics / US Politics Jul 10, 2013 - 12:53 PM GMTFrank Marchant writes: This Obama economy has soup lines as far as the eye can see. It also appears that many could easily be standing in two, three or even four lines simultaneously!
There are 103.4 million people currently enrolled in any one of 15 subsidized federal food assistance programs. The most people in our nation's history.
Due to the governments sloppy management of resources it's anybody's guess how many people are standing in how many lines, at the same time.
One thing we do know for sure is one third of our nation is now receiving Subsidized Food Assistance.
These programs are extremely expensive and the cost is increasing daily. In 2012 the bill to taxpayers paid was a staggering $114 billion.
But sit down if you're standing, because it gets worse!
Even more shocking: The Bureau of Labor Statistics (BLS) reports there are 97,180,000 full time workers in the private sector.
This means: The number of people receiving food stamps is greater than the number of people in America working full time.
Never in our nation's history has this been the case. This is a historical first.
One reason is, Subsidized Food Assistance programs are run rather loosely. With few stopgaps and oversights the same people can be in several federal food lines at the same time.
In many cases all daily meals can be provided using different combinations of any or all of the15 different programs. From a July audit by the Inspector General of the USDA's Food Nutrition Service (FNS):
"The Office of Inspector General (OIG) identified that the potential for overlap and duplication exists among the Food and Nutrition Service's (FNS) 15 nutrition programs, and determined that FNS may be duplicating its efforts by providing participants total benefits in excess of 100 percent of daily nutritional needs when households and/or individuals participate in more than one FNS program simultaneously."
From the above statement It appears that the Inspector General's Office does realize the potential opportunity for fraudulent activity is abundant. Sales receipts like the one below infuriate the taxpayers who don't use food stamps.
According to Senator John Thune (R-S.D.), food stamp participation has increased at 10 times the rate of job creation under Obama.
Eventually the number of full time workers will be dwarfed by those on Food Assistance programs. Unfortunately, it is entirely possible that we are creating and perpetrating a lifestyle of food entitlements not unlike housing welfare subsides.
When people are raised to believe the government is supposed to feed them it is unhealthy for the nation. However It is even more unhealthy for those who are raised to think of this as a lifestyle.
As the entitlement population grows so grows the cost and amount of subsidized programs.
It has been my experience that anything the government does at a cost of $3.00, private industry can do for $1.00.
What do you think? Should federal food assistance continue to expand?
Source :http://moneymorning.com/2013/07/10/latest-obama-outrage-more-people-on-...
Money Morning/The Money Map Report
©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com
Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Money Morning Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.