Carlin: Wall Street Owns Washington

Federal Food Stamp Program Spent Record $80+ Billion in 2012


by Patrick Burke, CNS News:

During fiscal year 2012, the U.S. government spent a record $80.4 billion on food stamps, the Supplemental Nutrition Assistance Program (SNAP), a $2.7 billion increase from FY 2011. (Fiscal year 2012 ran from Oct. 1, 2011 through Sept. 30, 2012.)

According to the Monthly Treasury Statement that summarizes the receipts and outlays of the federal government, $80,401,000,000 went towards SNAP during FY 2012, which was a $2.7 billion increase from $77,637,000,000 in FY 2011.

The SNAP program is administered by the U.S. Department of Agriculture (USDA), which also runs other food assistance programs under the auspices of the Food and Nutrition Service Agency.

In total, nearly $106 billion was spent on food assistance in 2012, with $18.3 billion that went to “Child Nutrition Programs.”

Read More @ CNSnews.com