Tuesday, September 25, 2012

Discount Grocer Badonk-a-donk


While Congress is fussing over the farm bill, Michele Simon’s new report, Food Stamps: Follow the Money, identifies the businesses that most stand to gain from the $72 billion spent last year on SNAP.

and then this:

Last year, the Supplemental Nutrition Assistance Program (SNAP) — i.e. food stamp program — in the United States spent $7.4 billion more than it did the year before. $7.4 billion happens to be almost identical to the entire GDP of Nicaragua, a nation of 5.9 million inhabitants. SNAP used its additional $7.4 billion to feed 4.4 million of America’s poorest citizens. Meanwhile, all 5.9 million Nicaraguans — rich and poor alike — managed to “live on” $7.4 billion.

Always lots of "food for thought" over at the Daily Reckoning.

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