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Trump Proposal To End Food Stamps

Silver

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https://www.zerohedge.com/news/2018...-end-food-stamps-sends-dollar-stores-tumbling

Trump Proposal To End Food Stamps Sends Dollar Stores Tumbling

by Tyler Durden
Mon, 02/12/2018 - 18:35

Shortly after 1pm ET, the shares of Dollar General and Dollar Tree tumbled after it was unveiled that President Donald Trump's budget was proposing to effectively abandon food stamps, slashing the program's traditional cash payments and substituting them with packages of "100% American grown food" for recipients. According to Bloomberg, this would represent "one of the biggest shakeups of the US food stamp program in its five decade history."

The reason why deep discount dollar chains were sold off on the news is because they are particularly vulnerable to changes in the food stamp program as they largely cater to less affluent shoppers: according to Gordon Haskett Research Advisors, Dollar General and Dollar Tree have signaled that food stamps account for roughly 5 percent of sales. Shares of Dollar Tree fell as much as 3.7% to $103.68, while Dollar General was down 5% to $93.48, the declines wiping out gains by the two companies in 2018.



Other retailers would also be affected, if to a lesser degree: if implemented, the Food Stamp overhaul would impact a broad swath of the grocery industry, including Walmart and Kroger. The food-stamp program served 42.2 million people during the 2017 fiscal year, with many spending the benefits at supermarkets.

Why the dramatic overhaul?

Unveiled in Trump's budget proposal, the food stamp plan is part of an effort to reform SNAP and save a projected $214 billion over a decade. According to Bloomberg, the proposal would give all households receiving more than $90 a month in cash a food-aid package that would "include items such as shelf-stable milk, ready to eat cereals, pasta, peanut butter, beans and canned fruit, vegetables, and meat, poultry or fish." Cash payouts would be gradually phased out.

For America's farmers, this implicit government demand-side subsidy was slam dunk, and their euphoria was palpable.

The so-called USDA America’s Harvest Box "is a bold, innovative approach to providing nutritious food to people who need assistance feeding themselves and their families -- and all of it is home grown by American farmers and producers," Agriculture Secretary Sonny Perdue said in a statement. The program would provide food-stamp recipients with "the same level of food value" as the current system, Perdue added.

A staple of the Obama administration when it peaked at just shy of 50 million users, the food stamp program has served 42.2 million people and 20.9 million households on average during the 2017 fiscal year. The average household benefit was $254.14, thus 81 percent of homes receiving aid would be included in the initiative, according to the USDA. The bottom line to the taxpayer in 2017 was $68.1 billion - that was the cost of SNAP assistance, with $63.7 billion given out as benefits.

As Bloomberg adds, under the proposed plan, the amount of food a household receives would be scaled to the size of the allotment, with about half of the assistance coming as food instead of cash. The USDA already buys commodities for other programs, such as the National School Lunch Program, and states would largely be in charge of distribution, the department said.

"States can distribute these boxes through existing infrastructure, partnerships, and/or directly to residences through commercial and/or retail delivery services," the department said in a statement.

Meanwhile, if EBT recipients weren't already furious enough at the prospect of losing their weekly cash allowance, the USDA also warned of tightened eligibility rules for recipients, such as stricter work requirements, as well as changing income and benefits calculations "to ensure benefits are targeted to the neediest households."

Considering that over 40 million Americans rely on the SNAP/EBT in its current iteration for their daily lives, this - of all Trump proposals - has the highest likelihood of starting an American revolution as the howls of fury should the foodstamp phase out be implemented, would be deafening.

There is just one not so minor detail: as we explained earlier, Trump's budget proposal has virtually no chance of being implemented by Congress in its current form, and furthermore any members of Congress who voted to overhaul the foodstamp program are guaranteed to have their political career dramatically truncated.

Which is why this particular Trump proposal has virtually no chance of passage.
 

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Red beans and rice, a Coonass favorite that costs practically nothing. That's what poor people should be eating. Give them dry rice and dry beans and a recipe. Feed a family of four on $40 a week.
 

ZZZZZ

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#3
Red beans and rice, a Coonass favorite that costs practically nothing. That's what poor people should be eating. Give them dry rice and dry beans and a recipe. Feed a family of four on $40 a week.
Red beans and rice is a helluva lot healthier than Cheetos and Gatorade.
.
.
 

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hoarder

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#7
Number one purchased item with foodstamps is soda.
The number one item returned for cash at grocery stores is soda.
 

newmisty

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#9
I was getting off the Highway this AM and in this one town the bums stand with their stereotypical HOMELESS GOD BLESS cardboard signs. The old rosy nosed fellow was on the shoulder next to my truck when I started up a CD....I started laughing because basically I turned on the song and quickly came in the lyrics "Good things come to those who work hard for it." and shortly thereafter the line of traffic was moving. What are the odds? I think someone was sending a message to and through me. Kept my spirits up all day too considering where I've come from and where I am.
 

Someone_else

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I am in the middle of dental work, and I have to be careful to have soft food right now. Does that mean I have to give up my low carb diet and go to mashed potatoes, bananas, and pudding? Nope.

I bought a ten pound bag of chicken quarters for seven dollars (about one pound each). Three or four go into the pressure cooker with some thyme, minced onion, and two teaspoons of pink salt. After one hour, I stirred it up to get the meat and bones apart and in a slurry. Then another two hours to get the meat perfectly soft, and the cartilage dissolved. I add some sliced cabbage (maybe half pound?) and give it another hour under pressure. Now I have the softest chicken soup known to man, and it is delicious.

If not for my low carb diet, I would probably add dumplings, pasta, or rice to this soup to make a very cheap and filling meal. Well, many cheap meals.

I used to love split pea soup. (Well, I guess I still do...) Fry up half a pound of bacon ($1.70) and cook in the pressure cooker with say, two pounds of chicken ($1.40), then remove the bones. Add a couple pounds of green peas (two bucks?) and cook for another hour. Five bucks feeds a family. With good nutrition.

Lentils and pinto beans are also cheap and decent ingredients. Just be sure to include some meat. And meat can be VERY affordable.
 

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oldgaranddad

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In the age of Peapod and Amazon there should be no food stamps. Recipients get to order a select basket of goods and it is delivered to their address. No diversion of money, no usage of EBT cards to buy non eligible goods. Very simple. Plus it prove that these people live at the address on record too.
 

SilverCity

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As one who worked a homeless ministry for a few years, I can tell you many of them have mental issues requiring pharmaceuticals to stabilize, physical problems, learning disabilities, criminal records, or in the case of older women--abandonment by their spouses or families. Not all of them are freeloading bums, guys. Try to have a little compassion for people society has cast out.

A teacher friend went to a large city jail with an outreach ministry and found a lot of the inmates had dropped out of school and could not even read beyond a certain rudimentary level, much less keep a job. It was a real eye opener for her.

SC
 
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nickndfl

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As one who worked a homeless ministry for a few years, I can tell you many of them have mental issues requiring pharmaceuticals to stabilize, physical problems, learning disabilities (which makes it difficult to read), criminal records, or in the case of older women--abandonment by their spouses or families. Not all of them are freeloading bums, guys. Try to have a little compassion for people society has cast out.

SC
As big of Ahole that I am I must agree with you. there are some people that will never be right and need help. Does that mean we must take them from other countries when they open up their jails and asylums? We need to do something different than we have been ding with our own. What we were doing was full of fraud. The food basket idea is a good idea as it addresses the problem and helps to reduce fraud. Let Amazon keep track of records too. Get the government out of money losing programs now.
 

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Government needs to get out of what should be Churches and Charities businesses. When government took over charity, Churches became less important and society has suffered. Hospitals were started by Churches and Charities, now that government funds them, they are money hungry get rich schemes.
 

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As one who worked a homeless ministry for a few years, I can tell you many of them have mental issues requiring pharmaceuticals to stabilize, physical problems, learning disabilities, criminal records, or in the case of older women--abandonment by their spouses or families. Not all of them are freeloading bums, guys. Try to have a little compassion for people society has cast out.

A teacher friend went to a large city jail with an outreach ministry and found a lot of the inmates had dropped out of school and could not even read beyond a certain rudimentary level, much less keep a job. It was a real eye opener for her.

SC
SERIOUSLY?????? How in the world is providing actual food not compassionate? Heck it's probably better if they really have mental health issues--to make sure they eat healthy instead of just junk or selling EBT card for cash/drugs.
 

Usury

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This is what I've said for years--give them rice and beans. If they want to eat like kings, they can work for it.
 

Usury

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If this is all legit, Trump just gave me another woody!!!
 

Area51

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It will never pass. The food manufacturing corporations are funded by foodstamps, not farmers.

^^^This^^^

As much as I'd love to see it happen, it's about as likely as the Great Wall of Mexico getting built or the Clintons being prosecuted. Nothing more than hollow rhetoric.
 

Agavegirl1

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#23
With a few exceptions (fresh rather than shelf stable milk and no meat), this is what is included in the WIC program. I thought that WIC was fairly well thought out. Upon initial sign up, you received a cookbook that included a primer on combining proteins to make a complete protein. There were vouchers for cheese, milk, rice, beans, cereal grains etc. They were meant to supplement not replace providing food for the family. The program was available to pregnant and nursing mothers and their other minor children. The SNAP program needs overhauling. Soda never should have been included. Basics only. I have been appalled by the abuses I see. But, it is human nature to maximize the benefit to oneself.
 

SongSungAU

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#24
Money that you don't earn yourself, you don't spend as wisely as money you have to sweat and work for.

This is the problem in Washington, DC. Those bloodsuckers, aka politicians, spend money they have no investment in.

"The trouble with socialism is that eventually you run out of other people's money." -- Margaret Thatcher​

Love her or hate her, she spoke the truth right there.
 

newmisty

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Easy come easy go.
 

hoarder

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Many EBT recipients are not capable of cooking red beans and rice. All they buy is processed garbage like frozen pizzas and tv dinners and hotpockets and bbq flavored chips and wash it down with soda pop. They don't have the intellect to do anything for themselves.
Red beans and rice is a delicious and nourishing meal, although a little too much carbs. Dry beans take more preparation than people geared for instant gratification can handle.
 

smooth

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Red beans and rice, a Coonass favorite that costs practically nothing. That's what poor people should be eating. Give them dry rice and dry beans and a recipe. Feed a family of four on $40 a week.
And oat meal and powdered milk... Thats what I grew up on.
 

DodgebyDave

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Guess. The. Fuck. What.


Gravy ride is over. Done. Finito.

Some people starve, nature is a bitch and there is nothing that Jesus H Christ can do about that
 

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As one who worked a homeless ministry for a few years, I can tell you many of them have mental issues requiring pharmaceuticals to stabilize, physical problems, learning disabilities, criminal records, or in the case of older women--abandonment by their spouses or families. Not all of them are freeloading bums, guys. Try to have a little compassion for people society has cast out.
I can and do absolutely agree with the point made above.

A teacher friend went to a large city jail with an outreach ministry and found a lot of the inmates had dropped out of school and could not even read beyond a certain rudimentary level, much less keep a job. It was a real eye opener for her.

SC
This part is just a sob story. It's designed to feed the monster that was eventually grown from the welfare system as a whole. Those individuals had opportunities to find and build some sort of a life. They have now better opportunities than anyone has ever had to build a life out of what is provided to them. They choose not to and our system just coddles them further.
What do I tell them? Take what you have in life and learn to build what you can out of it. The fact that you have less than someone else is not a reason to quit and be coddled. If you choose that option, then let your life be the example of what happens when you purposely make crap choices. You can get second chances. But to shove your load onto others that struggle for their own while you get coddled? Nope.
 

DodgebyDave

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Goldhedge

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black-eyed peas and sowbelly... mmmmmm
 

hammerhead

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There is no shame in receiving ebt, so the bill board said. Cutting the program will affect right down the line. The few I can think of are the banks, grocers, form processors, pimps, drug dealers and it may even have an impact on people that use the cards.
 

Area51

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There is no shame in receiving ebt, so the bill board said. Cutting the program will affect right down the line. The few I can think of are the banks, grocers, form processors, pimps, drug dealers and it may even have an impact on people that use the cards.
It won't affect all the way down the line - - there's a certain cut off point where people will just make up the difference via other sources.

For them, no more government handout is no problem - - they'll just go steal a few thousand dollars worth of shit then exchange it for $0.20 or $0.25 retail. The fence will move it for $0.40 to $0.50 retail. And the ones who buy it will boast about what a "steal" they got.
 

hammerhead

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#34
It won't affect all the way down the line - - there's a certain cut off point where people will just make up the difference via other sources.

For them, no more government handout is no problem - - they'll just go steal a few thousand dollars worth of shit then exchange it for $0.20 or $0.25 retail. The fence will move it for $0.40 to $0.50 retail. And the ones who buy it will boast about what a "steal" they got.
Are you saying a grocery store is going buy food from somebody that stole the food to resell it? How are the banks that make money off of every card swipe going to make up the losses?
 

Area51

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Are you saying a grocery store is going buy food from somebody that stole the food to resell it? How are the banks that make money off of every card swipe going to make up the losses?
Let's back up to your "affect right down the line" comment.

Banks affected? Yes. Retailers affected? Yes. Government bureaucrats affected? Yes. Pimps and drug dealers affected? Not a chance, my friend.

People on the fringes of society - - the pimps, the crackheads, the down and outs - - steal shit to make money. They know what to get - - in many instances they're given a list of items. But they're not the ones who sell it to the ultimate end user. That's the job of the fence. He pays the down and outs who bring him the stolen goods. Then he either offloads it on buyers who've put in requests with him, or flea market type vendors or if he's a big enough enterprise he gets a short term warehouse space and holds a "weekend sale" offering "brand names at 50% to 60% off retail".

The underground economy will continue as it always has.
 

hammerhead

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Let's back up to your "affect right down the line" comment.

Banks affected? Yes. Retailers affected? Yes. Government bureaucrats affected? Yes. Pimps and drug dealers affected? Not a chance, my friend.

People on the fringes of society - - the pimps, the crackheads, the down and outs - - steal shit to make money. They know what to get - - in many instances they're given a list of items. But they're not the ones who sell it to the ultimate end user. That's the job of the fence. He pays the down and outs who bring him the stolen goods. Then he either offloads it on buyers who've put in requests with him, or flea market type vendors or if he's a big enough enterprise he gets a short term warehouse space and holds a "weekend sale" offering "brand names at 50% to 60% off retail".

The underground economy will continue as it always has.
As you say, that already is happening. They would no longer have the benefits to use as a medium for trade.
 

SilverCity

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SERIOUSLY?????? How in the world is providing actual food not compassionate? Heck it's probably better if they really have mental health issues--to make sure they eat healthy instead of just junk or selling EBT card for cash/drugs.
I'm talking about judging someone who you know nothing about. Go spend some time actually helping to feed them, bind their wounds, listening to their stories, and praying with them.

Read Matthew 25:41-45. Get back to me when you've put some shoe leather on your faith.



SC
 

Area51

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#38
As you say, that already is happening. They would no longer have the benefits to use as a medium for trade.
The down and outs stealing from the retailers are offloading the goods to a fence in exchange for cash. That's their "benefit". Cash in pocket to go buy cigarettes or alcohol or whatever. The ones buying it from the fence are people living in suburbia with regular 9 to 5 jobs.
 

Area51

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I'm talking about judging someone who you know nothing about. Go spend some time actually helping to feed them, bind their wounds, listening to their stories, and praying with them.

Get back to me when you've put some shoe leather on your faith.

SC
That's a good point. Sometimes the stories will surprise you.

There was a middle aged guy who used to walk around the city wearing these pink bunny ears. People referred to him as "bunny man". He'd walk from one coffee shop to another and sit by himself playing chess for hours. Never said anything, just sat there staring at his chess board.

One day at work I mentioned seeing bunny man and one of the guys asks if I knew his story. Turns out that once upon a time he had a young daughter to whom the bunny ears belonged. The little girl died and it really messed up his mind - - understandably so. After that, he wore those bunny ears around everywhere he went.