discussion title:
Food stamps a "economic stimulus"
http://www.cbsnews.com/stories/2009/07/26/eveningnews/main5189631.shtml
Here is a part of the article...
That's why the food stamp boost is also helping this in New York City, where one supermarket manager says his sales are up 10 percent since the stimulus program started.
"We're actually thinking of hiring more people," said Jose Almonte, the manager of an Associated Supermarket.
"Food stamps have the biggest bang for the buck of any kind of stimulus," said Moodys.com economist Mark Zandi.
That's because food stamps put money into the hands of people who will spend it quickly.
It's estimated that a $1 increase in food stamps creates $1.73 in stimulus. Infrastructure, another high-impact stimulus creates $1.59 for every dollar spent. Compare that to tax cuts which generate only $1.03 for every dollar returned to taxpayers
The food stamp stimulus, while powerful, is temporary. But it's a spark that can ignite business - and put more food on the table during difficult times.
here is another article that supports the views...i could provide many others...
http://www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_615648.html
Here is just a bit of that article...
"The $787 billion federal stimulus package enacted last month increases an individual's monthly food stamp aid by $32, Rendell said. With 1.3 million peoplenrolled in the program in Pennsylvania, that means nearly $500 million a year pumped into the economy.
"Now who gets the benefit of that? Mom-and-pop grocery stores, grocery chains, food distributors, food processors, farmers," Rendell said."
any thoughts opinions or views?
~ above all, take it one day at a time~
Edited 11/4/2009 11:21 am ET by greatfulmomnwife