The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on August 25, 2023, 12:14:46 pm
-
Biden's food stamp expansion linked to 15% jump in grocery prices, study says
'Overreach led to massive spikes in grocery prices,' expert told Fox News Digital
By Elizabeth Elkind Fox News
Published August 24, 2023 10:00am EDT
The Biden administration’s massive expansion of food stamp benefits is linked to at least a 15% rise in grocery prices, a new study said on Thursday.
President Biden’s Department of Agriculture rolled out revised nutritional standards for federal food benefits in 2021 that expanded the program by roughly 25% from pre-COVID pandemic levels.
Overall spending on the Supplemental Assistance Nutrition Program (SNAP) more than doubled between 2019 and 2022, according to findings from the Foundation for Government Accountability (FGA) previewed by Fox News Digital. It went from $4.5 billion in 2019 to $11 billion in 2022, the study said.
more
https://www.foxnews.com/politics/biden-food-stamp-expansion-jump-grocery-prices-study
-
Of course. More money chasing the same supply of goods.
-
Of course. More money chasing the same supply of goods.
Yup. Econ 101; something no democrat ever seems to have managed to pass.
-
Yup. Econ 101; something no democrat ever seems to have managed to pass.
It’s not just Democrats :whistle:
-
It’s not just Democrats :whistle:
True enough, but it is the case with just about every democrat; it's when a democrat starts to "get" Econ 101 that they typically stop being a democrat/liberal.
-
15% is way understated. I would venture that a line share of groceries are about 40-50% more expensive now versus when Pedo Joe first took office.
-
All I know is it is disheartening to stand in a line with a hand basket of groceries along with what appears to be a migrant with two fully loaded carts and an EBT card.