Obama Administration Announces Goal Of ’100% Of Americans Now On Food Stamps’
by Bargis Tryhol on 08/06/12 at 12:21 pm
Obama promises 'free paid vacations' for all Americans next year if his re-election campaign is successful in November
The vast majority of federal spending in the Senate farm bill, which is estimated to cost over $100 billion annually, is going toward food stamps, representing a 100 percent increase since President Barack Obama took office, according to Alabama Republican Sen. Jeff Sessions.
“This legislation will spend $82 billion on food stamps next year, and an estimated $770 billion over the next ten years. To put these figures in perspective, we will spend $40 billion federal dollars next year on roads and bridges,” said Sessions, the ranking member of the Senate Budget Committee.
“Food stamp spending has more than quadrupled since the year 2001. It has increased 100 percent since President Obama took office,” he said.
Federal funding for the Supplemental Nutrition Assistance Program (SNAP) program has doubled since 2008 which accounts for 80 percent of the farm bill’s cost, according to an analysis of Congressional Budget Office and White House Office of Management and Budget data conducted by the Senate Budget Committee’s Republican staff.
Federal crop insurance, commodities and conservation make up the remaining 20 percent of the legislation. In 2008 the SNAP program cost taxpayers $39 billion, according to the analysis.
The Administration says Obama’s goal of 100% citizen dependency on the federal government is almost achieved with gasoline and energy subsidies allocations per household being studied. Last month free college tuition and clothing allotments were made public for those with an annual income of $250,000 dollars per year.
Let’s Hear It!