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THURSDAY, NOVEMBER 26, 2009
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12

Food-Stamp Funding Boost Gives Economy Quick Lift

Money gets spent fast; $5 in stamps yields $9.20 in activity

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(Newser) – The boost in food-stamp funding included in President Obama’s stimulus bill is pumping cash into the economy, the Wall Street Journal reports. In April, families of four on food stamps started getting about an extra $80 a month. Every $5 spent in food-stamp money means a quick $9.20 of total economic activity, the Department of Agriculture figures.

Some 80% of food-stamp funds are redeemed within two weeks of receipt, whereas money given to banks, automakers, and government branches often trickles down slowly. And while the program has been criticized for inefficiency in the past, applying has become easier and fresh food more available. Food-stamp spending will likely increase by $10 billion to $12 billion this year, a report found.

Store owner Don Kitchens rings up items at his store, April 2, 2009 in Gibson, Ga.
Store owner Don Kitchens rings up items at his store, April 2, 2009 in Gibson, Ga.   (AP Photo)
Lynda Wheeler holds her Link card, Illinois' version of food stamps, before paying for groceries shortly at One Stop Food & Liquors in Chicago, May, 1, 2008.
Lynda Wheeler holds her Link card, Illinois' version of food stamps, before paying for groceries shortly at One Stop Food & Liquors in Chicago, May, 1, 2008.   (AP Photo)
Shoppers use the check out lines shortly after midnight at One Stop Food & Liquors in Chicago, May, 1, 2008.
Shoppers use the check out lines shortly after midnight at One Stop Food & Liquors in Chicago, May, 1, 2008.   (AP Photo)
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12 comments
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ack
Jul 7, 09 11:27 AM CDT
Damn libs at it again. Now you want to FEED these people, too? Sheesh. Why should I have to pay for them to eat? Obviously they're just too lazy to find a job. Besides, are there no prisons? Are there no workhouses? Reply
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freethemall
Jul 7, 09 11:36 AM CDT
It seems to me, that a food-stamp program would have been a good thing to have had in the 1930's depression, when there was starvation in the midst of plenty. This was one of the programs of the Great Society, and the war on poverty, of the Johnson administration. Reply
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easterner
Jul 7, 09 11:38 AM CDT
I'm sure the cooperate super/mega markets don't mind the extra $$ in sales. Reply
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Jes
Jul 7, 09 12:17 PM CDT
I was all for food stamps before getting a job after school at a grocery store.They need to put some restrictions on what people can buy. We don't let people buy alcohol and cigarettes with EBT, and I think we should limit what percentage can be taken out in chips and soda. I can always tell an EBT customer because the cart is literally overflowing, and its filled entirely with junk food. They will spend $200 (before tax) on food and there will be no fresh produce, the only meat they buy is summer sausage and hotdogs and pre-cooked bacon (which is three times the price of normal bacon)... And they are always fat. It kills me that people are eating themselves into the hospital on government money to be cared for with government money. We NEED food stamps, we really do, but we need to overhaul them and make it so you can only use it for healthier options. More unprocessed foods, less Slim Jims. This is just a matter of health. Look at the statistics and most obese people (especially obese children) are from poorer families. That, and I don't like paying for someone's 24 pack of pop when their kids have one pair of shoes. /rant Reply
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IN RESPONSE:
easterner
Jul 7, 09 1:59 PM CDT
at least you have a job
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