Tag Archives: Food Stamps

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People
Above: Billionaire investor Warren Buffett.  (Photo: Fortune Live Media / flickr / cc) For the second year in a row, America’s richest 14 individuals made more from their annual investments than the $80 billion provided for people in need of food. Nearly half of the food-deprived are children. The fruits of American productivity go to the richest Americans, who can afford to hold onto their fortunes, defer taxes indefinitely, and then ... Read more

Social inequality and the war against the working class

Social inequality and the war against the working class
The staggering growth of social inequality—to the point where less than 100 people control more wealth than the bottom 3.5 billion people on the planet—has destroyed any social basis for democracy. What is emerging from the crisis and decay of capitalism is a new form of aristocratic privilege and political reaction. The only alternative is socialism—the expropriation of the wealth of the ruling class, the transformation of the corporations ... Read more

How Big Banks Are Cashing In On Food Stamps

How Big Banks Are Cashing In On Food Stamps
The Agricultural Act of 2014, signed into law by President Obama last Friday, includes $8 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP) over the next decade. One way the bill proposes to accomplish these savings is by reducing food stamp fraud. When the new farm bill is enacted, many of America’s hardest working families will experience cuts in services and have trouble putting food on their family’s table. But ... Read more

Nearly Half of Americans Living Paycheck to Paycheck

Nearly Half of Americans Living Paycheck to Paycheck
Nearly half of all people in the United States face "persistent financial insecurity" and are forced to live paycheck to paycheck without the savings necessary to weather them through life problems that can be unavoidable — like a medical emergency or a broken car. So finds the 2014 Assets and Opportunities Scorecard released Thursday by the Corporation for Enterprise Development. According to the report, 44 percent of people in the United ... Read more

Food Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In Ma

By Tyler Durden Zero Hedge, August, 2, 2011 It appears that GDP data revisions are not the only thing that the administration enjoys fudging with in order to make the Chinese ministry of Truth seem like a real ministry of truth. After last month the data for April food stamp recipients indicated the we may, just may, be reaching an inflection point in the foodstamp participation following a mere 60 thousand jump in those receiving ... Read more