$6.7 Billion Worth of Food Stamps Cut

To say we're starved for cash would be an understatement. But in the worst recession in generations, should we be cutting $6.7 billion worth of food stamps? Ezra Klein of The Washington Post reports on how Democrats had to prioritize: do we cut teachers, Medicaid, or food stamps (now known as SNAP)? But food stamps may have been the best investment:

And here we are. Democrats needed to offset spending on two worthy, important programs. So they're cutting another important, worthy program. But you really can't think of a worse program to cut than SNAP. SNAP is an extraordinarily well-targeted stimulus. It goes to poor households, for something they need to buy. According to Mark Zandi's numbers, it's literally the most stimulative way to spend a dollar: Better than state and local aid, or unemployment insurance. You get more than $1.70 of economic activity for each buck you put in.

Read the full story at The Washington Post.

Presented by

John Hendel is a writer based in Washington, DC, and a former producer at The Atlantic.

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

Video

The Rise of the Cat Tattoo

How a Brooklyn tattoo artist popularized the "cattoo"

More in Health

Just In