Friday, June 08, 2012

Food stamp spending up 100 percent since Obama took office

The vast majority of federal spending in the Senate farm bill, which is estimated to cost over $100 billion annually, is going toward food stamps, representing a 100 percent increase since President Barack Obama took office, according to Alabama Republican Sen. Jeff Sessions. “The legislation will spend $82 billion on food stamps next year, $82 billion and an estimated $770 billion over the next ten years. So, to put these figures in perspective, and they’re so large it’s difficult to comprehend, we will spend next year $40 billion on the federal highway program,” said Sessions, the ranking member of the Senate Budget Committee. “Food stamp spending has more than quadrupled, four times, it’s increased fourfold since the year 2001. It has increased 100 percent since President Obama took office,” he said...more

No comments: