Yeah it is a welfare program, corporate welfare.
Here's where the profits come in," Nestle says. "A vast percentage of Food Stamps' money goes into the pockets of soda companies and snack food companies...and also the stores that sell these foods."
Wal-Mart "gets a large fraction of Food Stamp dollars," which contributes 25% to 40% of revenue at select stores, according to Nestle. "These companies, therefore, have a vested interest in making sure Food Stamps are allowed for any purchase at all."
Funding for Food Stamps comes from the Farm Bill, which is currently being debated in Congress. "You can bet the food companies like it just the way it is and they are lobbying" to prevent restrictions on how Food Stamp dollars are spent, Nestle says.
business as usual in the u.s.a...when do we say "enough is enough" and back it up. can you imagine if the working stiffs, from truck drivers to construction workers, to utility workers, etc, etc just stayed home for a couple days? we'd bring this country and it's so-called leaders to their knees
Buying votes one Food Stamp EBT Card at a time, while undermining individuals and communities. When we lose faith in our ability to provide for ourselves, we become part of a permanent dependency class that can never be satisfied or independent. The 'crop' being planted for future harvest by this so-called Farm Bill will be toxic in many ways.
Here's where the profits come in," Nestle says. "A vast percentage of Food Stamps' money goes into the pockets of soda companies and snack food companies...and also the stores that sell these foods."
Wal-Mart "gets a large fraction of Food Stamp dollars," which contributes 25% to 40% of revenue at select stores, according to Nestle. "These companies, therefore, have a vested interest in making sure Food Stamps are allowed for any purchase at all."
Funding for Food Stamps comes from the Farm Bill, which is currently being debated in Congress. "You can bet the food companies like it just the way it is and they are lobbying" to prevent restrictions on how Food Stamp dollars are spent, Nestle says.
http://finance.yahoo.com/blog...