Food Stamps are not enough; food needs to be affordable

If food is too expensive, SNAP loses its value

By: Juda Engelmayer

When the House passed the $819 stimulus package, they did it based on the presumption that sending more money to the average person, through resources such as expanded unemployment benefits, reduced payroll taxes, money for childcare and $20 billion for food stamps. The conventional wisdom on these kinds of give-backs is that through these benefits, the economy will trickle upward. Mark Zandi, chief economist and cofounder of Moody’s Economy.com argues that for every dollar spent on food stamps, the U.S.  economy sees a 173% return. (More)

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