Inflation is impacting the finances of many government programs.
The COLA updates to Social Security will certainly hit the entitlement program’s wallet big time since it was already out of money before the inflation crisis.
But there is another federal program that has increased in cost and size: food stamps.
The U.S. Department of Agriculture (USDA) enhanced benefits from the Supplemental Nutrition Assistance Program (SNAP) in 2022, climbing to an all-time high of $119.5 billion. By comparison, in 2019, food stamp costs were slightly more than $60 billion.
On a per-person basis, SNAP benefits were $230.88 last year, up 78% from 2019 ($129.83).
In addition, more Americans are using SNAP, growing from 35.7 million before the pandemic to more than 41 million in 2022.
But isn’t employment the best it has ever been, according to President Joe Biden?
Ostensibly, the Government Accountability Office (GAO) slammed the USDA for violating the Congressional Review Act.
But nothing will happen.
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