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Biden Admin Approves Single Largest Increase in Food Stamps History

Democratic leadership brings the US one step closer to a government-dependent socialist nation

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The coronavirus pandemic has allowed liberals and Democratic leadership to bring the United States one step closer to a government-dependent socialist nation. Beginning in October of this year, the food stamp assistance program will see its single largest increase in history.

The Associated Press reports “The Biden administration has approved a significant and permanent increase in the levels of food stamp assistance available to needy families – the largest single increase in the program’s history.”

Officially known as the Supplemental Nutrition Assistance Program (SNAP), assistance will increase by over 25% more than pre-pandemic levels for the roughly 42 million SNAP beneficiaries or 12 percent of the population. The aid package increases the average monthly per-person benefits from $121 to $157.

The Associated Press reports:

The increase is part of a multi-pronged Biden administration effort to strengthen the country’s social safety net. Poverty and food security activists maintain that longstanding inadequacies in that safety net were laid bare by the COVID-19 pandemic, presenting an opportunity to make generational improvements that reach beyond the current public health crisis.

Activists say the previous levels of pre-pandemic SNAP assistance simply weren’t enough, forcing many households to choose cheaper, less nutritious options or simply go hungry as the funds ran low toward the end of the month.

Stacy Dean, deputy undersecretary for food, nutrition and consumer services said in a report, “To set SNAP families up for success, we need a Thrifty Food Plan that supports current dietary guidance on a budget.” She added, “Too many of our fellow Americans struggle to afford healthy meals. The revised plan is one step toward getting them the support they need to feed their families.”

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3 Comments

3 Comments

  1. Donnie Bowin

    August 16, 2021 at 1:23 pm

    He and the communist left cause inflation and joblessness to rise so they can rush in and save the needy from starvation at the cost to the American taxpayers. Everything the communist left does is for the sake of their own power and demolition of the greatest capitalist society know to mankind. All they have ever done is to create a problem so they can fix the problem they created while blaming it on someone [Trump] else and then brag about the problem being solved of which they created!

  2. Gwyllim

    August 16, 2021 at 1:41 pm

    What about Social Security? The government has been pilfering that for decades.

  3. bv

    August 17, 2021 at 9:36 am

    Typical dem strategy, dumb down people& control them with food stamps – that’s exactly dems have bern doing with the black community!

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Economy

Biden’s Fed Chairman: Solving Inflation ‘Highly Likely To Involve Some Pain’ For Americans

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On Wednesday, Federal Reserve Chairman Jerome Powell said that solving the inflation crisis is “highly likely” to cause pain to Americans but that it would be less painful than not addressing inflation.

During the European Central Bank forum, host Francine Laqua asked Powell, “If you’re speaking out to the American people to try and help them understand how long it will take for, you know, monetary policy to go back to something that resembles normalcy … what would you tell them?

“I would say that we fully understand and appreciate … the pain people are going through dealing with higher inflation, that we have the tools to address that and the resolve to use them, and that we are committed to and will succeed in getting inflation down to two percent,” he responded.

“The process is likely, highly likely to involve some pain, but the worst pain would be from failing to address this high inflation and allowing it to become persistent,” Powell added.

Powell’s comments come as inflation has reached the highest rate in more than 40 years with prices rising 8.6% from May 2021 to May 2022, according to a new report from the Bureau of Labor Statistics.

In order to bring down inflation, the Federal Reserve increased the interest rate by 0.75% earlier this month – the highest increase since 1994 – and warned of additional increases in the interest rate in the future.

“The three-quarter-point hike brings the federal funds rate to between 1.5% and 1.75%. The federal funds rate dictates what it costs for banks to borrow money from each other. And, generally, higher interest rates mean it’s more expensive for consumers to get a mortgage, obtain a loan to buy a vehicle and to carry a balance on a credit card,” NBC News reported. “The expected effect of these changes is that consumers will spend less and the heightened demand for goods — one of the drivers of inflation — will slow down.”

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Economy

Biden’s Fed Chairman: ‘We Now Understand Better How Little We Understand About Inflation’

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Joe Biden

On Wednesday, Federal Reserve Chairman Jerome Powell defended the Biden administration’s failure to predict the current inflation crisis, saying that the record high inflation levels helped the Biden administration “understand how little we understand about inflation.”

During the European Central Bank forum, host Francine Laqua asked panelists, “Hindsight is a beautiful thing, I know…but going forward…how do we need to look at inflation differently? So, for example, in the U.S. — the stimulus. Did we circulate the impact this would have on inflation?”

“I think we now understand better how little we understand about inflation,” Powell responded.

“That’s not very reassuring,” the host noted.

“No, honestly, this was unpredicted. I was looking at the time of our June meeting one year ago, of the 35 people who filed with a survey of professional forecasters, 34 of them had inflation below four percent for the last year. And of course, it was way above four percent,” Powell said.

It should be noted that many economists outside of the Biden administration did predict the inflation crisis. Larry Summers, who served as Treasury Secretary under the Obama administration, warned in May 2021 that President Biden’s $1.9 trillion American Rescue Plan would greatly increase inflation rates. Summers said that the bill had “very substantial risks on the inflation side.”

Additionally, in June 2021 Larry Summers told PBS’s “Firing Line with Margaret Hoover” that the Biden administration’s policies had driven inflation.

“If you looked at how the economy was coming into this year, we had total wages and salaries coming to people were 20 or 30 billion dollars a month lower because many of them had to be home because of COVID and the economy was slowed,” Summers said. “But we put in a stimulus that was putting into the economy more than 200 billion dollars a month. And so when you take a hole and you overfill it, you’re likely to have problems.”

“And I think we know that inflation’s like a lot of other things, it’s a lot easier to prevent than it is to cure,” Summers continued. “And I think the credibility of policymakers, including those at the Fed, is much easier to preserve than it is to restore.”

He later added, “The main risk is that our economy’s going to overheat. And then once it overheats, it’s going to be hard to put out the fire without doing a lot of damage and causing a lot of problems. And so I’d like to see us shift towards a policy concern.”

Powell’s admission that the Biden administration does not understand inflation comes just weeks after Treasury Secretary Janet Yellen similarly said that she didn’t “fully understand” how inflation occurred and admitted that she was “wrong” about inflation when she said in 2021 that it was just a “small risk.”

“Well, look, I think I was wrong then about the path that inflation would take,” Yellen said. “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t — at the time didn’t fully understand. But we recognize that now.”

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