Excerpt: "The House will soon consider an $8 billion child nutrition bill that's at the center of the first lady's "Let's Move" initiative. Before leaving for the summer recess, the Senate passed a smaller version of the legislation that is paid for by trimming the Supplemental Nutrition Assistance Program, commonly known as food stamps."Welcome to the surreal world of "pay-go" where the Federal Government constrains itself to find fiscal spending offsets for any new Federal initiatives.
Here, in irony, fiscal balances may be transferred to child nutritional consultants, I suppose, instead of low income families including children who may need income support for food.
This would result in the same sort of macro results for the broad economy, as the fiscal deficit would probably remain unchanged, but it would extend the current Obama Admin. policies of favoring the upper income demographic.
This is surreal. The Democrats definitely deserve to lose Congress, but not to the Republicans!
ReplyDeleteYes, Mike, you're right. Two horrible choices!
ReplyDeleteAh food stamps.... Perhaps one should browse this expose of the wonderful program. For those who point to the growing number of recipients as proof of the downfall of the U.S., they are right, but not in the sense you think. It's no wonder it grows like topsy. http://online.wsj.com/article/SB10001424052702304657804576401412033504294.html?mod=WSJ_hp_mostpop_read
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