|
||||||
    |
Elizabeth Harrington The federal government spent more than $2 billion to provide food stamps to Puerto Rico in 2012, up to 25 percent of which is untraceable because it is distributed in cash and there is “no way to verify that funds are spent on food,” according to the U.S. Department of Agriculture (USDA). The funds are used to supply more than one-third of the population of Puerto Rico with [...] The media and nutrition advocates have been fighting for years to get the federal government to release information on what groceries are purchased by people using food stamps. Now, a member of Congress wants to know too, and has introduced legislation to force the disclosure of the data.
Representative Tom Marino (R-Pennsylvania) has proposed the “SNAP Transparency Act,” which would require the secretary of agriculture to establish a reporting system so retailers could [...] Caroline May The United States Department of Agriculture has been working to dispel immigrants’ concerns that getting on Food Stamps will harm their chances of becoming U.S. citizens. The USDA addresses those fears in Supplemental Nutrition Assistance Program, or food stamp, brochures it distributes to Mexican consulates as part of its “partnership” with the Mexican government “to help educate eligible Mexican nationals living in the United States about available [...] 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 [...] From SHTFplan: Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week is legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate. Putting the jobs report conspiracy aside for a moment, here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign [...] Mac Slavo
Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week are legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate. Putting the jobs report conspiracy aside for a moment, here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign [...] zerohedge.com While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in anObama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY’s direct pipe to Citadel notwithstanding), there [...] Euro-zone August composite PMI falls to 46.3 The downturn in private-sector activity in the 17-nation euro zone deepened in August, the Markit euro-zone composite purchasing-managers’ index, or PMI, for the region indicated Wednesday. The PMI fell to 46.3 from 46.5 in July and was down from a preliminary reading of 46.6. The index for the services sector fell to 47.2 from 47.9 in July and was down from a preliminary figure [...] From Bloomberg: A record 46.7 million Americans received food stamps in June, up 0.4 percent from the previous month, the government said. Participation was 3.3 percent higher than a year earlier and has remained higher than 46 million all year as the unemployment rate has stagnated just above 8 percent. New jobless numbers will be released Sept. 7. “Unemployment is stubbornly stuck,” making it difficult to significantly reduce the number of food-stamp recipients, Agriculture Secretary Tom Vilsack [...] The Virginia Department of Agriculture and consumer Services says the state will receive $92,000 in federal funds to place electronic benefit transfer machines in farmers’ markets. Adding an EBT machine on site will allow eligible customers to use their Supplemental Nutrition Assistance Program vouchers for fresh produce, eggs and other health items. http://www2.timesdispatch.com/news/2012/aug/17/va-farmers-markets-get-food-stamp-machines-ar-2137545/ Is this what will become the norm in America for the upcomming Generation? Give them everything, so they dont have to work for it?? I mean the Gubment makes businesses with roads and shit right? Is there a school for Democrats only that teaches and preaches these idea’s? House Minority Whip Steny Hoyer (D-Md.) told reporters on Tuesday that the two most “stimulative” things the government can do is provide food [...] (USDA) The United States Department of Agriculture has declared natural disaster areas in more than 1,000 counties and 26 drought-stricken states, making it the largest natural disaster in America ever. The declaration—which covers roughly half of the country—gives farmers and ranchers devastated by drought access to federal aid, including low-interest emergency loans. “Agriculture remains a bright spot in our nation’s economy,” U.S. Agriculture Secretary Tom Vilsacksaid Wednesday while announcing the [...] Americans spend $80 billion each year financing food stamps for the poor, but the country has no idea where or how the money is spent. Food stamps can be spent on goods ranging from candy to steak and are accepted at retailers from gas stations that primarily sell potato chips to fried-chicken restaurants. And as the amount spent on food stamps has more than doubled in recent years, the amount of [...] Going through a rough patch financially? As you cut your monthly bills to the bone, it may be tempting to decide to go without cellphone or Internet service. But this can be one of the most risky places to cut if you are a student needing the expected tools of technology at your fingertips. It can also be a serious disadvantage if you are a job seeker. Immediate access to the [...] From Economic Policy Journal: Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits, reports CNBC’s John Carney. More details from Carney: The weekly financial statement of the ECB showed a 21.3 billion euro ($26.8 billion) decline in loans made under the [...] From Economic Policy Journal: Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits, reports CNBC’s John Carney. More details from Carney: The weekly financial statement of the ECB showed a 21.3 billion euro ($26.8 billion) decline in loans made under the [...] A little headline might be the cause of a steep drop in the euro recently, courtesy of the European Central Bank’s latest weekly statement. It’s all about the money central banks are borrowing from the ECB and how they’re going about it. Essentially, the thinking goes that a large European bank is no longer capable of borrowing directly from the ECB because it no longer has creditworthy collateral. Instead this bank has [...] The European Central Bank increased the limit of the Emergency Liquidity Assistance program for Greek banks to 100 billion euros ($127.8 billion) from 90 billion euros, Der Spiegel reported, without saying where it got the information. The decision was taken at the May 15 meeting of the ECB council, the magazine said in a preview of an article for its next edition. The ELA program allows the Greek central bank to [...] JACKSONVILLE, Fla. — Melissa Booher is scared. For the last five years this mom has been able to put food on the table for her family because of food stamps. “I honestly don’t know what I’d do without them,” said Booher. But she may soon have to figure it out. In an effort to reduce the deficit and replace what would have been a 10 percent cut to the military budget, the House of [...] From HUFFPOST: The latest Republican plan to reconcile the budget and preserve defense spending extracts even deeper cuts from programs to help the poor and Americans still reeling from the recession. Although spending levels for the budget were set in the Budget Control Act passed last summer in the deal to raise the nation’s debt limit, Republicans are pushing ahead with another plan that cuts more while trying to prevent the beginning [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
