How greedy corporations cash in on America’s food stamp program
Food stamps allow those who are genuinely hungry to eat. The problem with free government money however is that one day, said money will no longer be there to provide for all of those who were at one point lured in to the racket.
As human industrial civilization collapses, greedy profiteers rush to make as many devastating cuts as is possible to many of the programs designed to uphold the needy and the poor. As would be expected, tremendous riots on par with nothing ever before seen in the United States are likely to result.
Grant J. Kidney
Alter Net — A unique, hard-hitting report just completed by a California attorney exposes a largely unknown federal food-stamp racket involving large grocery retailers, food manufacturing giants and other private players, including the Federal Reserve and JPMorganChase, which combine to channel food stamp spending into a gravy train for the heavy hitters in the food industry.
And the report’s author, Michele Simon, says administrative costs added by these privateers inflate the overall price tag of the Supplemental Nutrition Allowance Program (SNAP). And high program costs are prompting potentially deep legislative cuts to SNAP in the pending Farm Bill — when a record 46 million Americans use SNAP, of which 47% are children.
A major fear is that SNAP cuts could wrongly target the program’s central mission to feed the hungry, when cuts should target the private players who harness the program for their own gain.