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View Diary: Deficit peacock Blue Dogs reap earmark rewards (29 comments)

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  •  Cutting Food Stamps to balance the budget (7+ / 0-)

    Despicable...no other word for it.

    To Get Medicaid and Education Aid to States, An Unprecedented Cut to Food Stamps:

    This week, the Senate is preparing to rob Peter to pay Paul. They will take from one program helping the neediest of Americans in order to give to another. The lucky recipient is a whittled-down state-aid bill with $16 billion to help sustain Medicaid and $10 billion to keep teachers on the job. That is less money than the states were originally promised, but not nothing: This bill, a compromise of a compromise, could save an estimated 138,800 jobs and ease states’ budget woes by $26.1 billion.

    But to gain the votes of the Republicans necessary for passage, the bill includes "pay fors" to make it deficit-neutral. There is language to close a foreign tax credit loophole, raising $9 billion. Billions more come from tinkering with Medicaid drug prices and rescinding unspent funds from a variety of programs. But controversially, the bill will also likely slash $6.7 billion from the Supplemental Nutrition Assistance Program, or SNAP, the benefits formerly known as food stamps. This might result in a cut in benefit checks from one month to the next — an unprecedented event in the history of the benefit."

    Much of life is knowing what to Google
    (and blogging at BPI Campus)

    by JanF on Tue Aug 03, 2010 at 06:37:32 PM PDT

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