jerseyhoya wrote:Paul Krugman wrote a column today making fun of Republicans (amusingly titled Republicans Against Reality) for wanting to repeal the laws of arithmetic, then alleged they want to cut food stamp spending in half (last I checked $40 billion was not one half of $780 billion, but Krugman is a tenured prof at Princeton, so maybe I should double check my math).
I need to win a Nobel Prize so I can write made up shit in the New York Times and have people nodding along in anger.
Ron Nixon, NYTimes wrote:House Plan on Food Stamps Would Cut 5 Million* From Program
Nearly 48 million people currently receive food stamp benefits, and the program costs about $80 billion a year.
jerseyhoya wrote:The cuts proposed would amount to spending about $40 billion less than the $780 billion that is projected to be spent on the program over the next decade under current law
drsmooth wrote:jerseyhoya wrote:The cuts proposed would amount to spending about $40 billion less than the $780 billion that is projected to be spent on the program over the next decade under current law
is there value in doing the projection over a decade? Lots could change in that time.
Meanwhile you're talking cutting food benefits for a 15-20% of the residents of states like FL, MI, OH, PA, the Carolinas, TX.... Don't Republicans like winning?
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
jerseyhoya wrote:Spending on food stamps has increased by 50% over the past six years. But suggesting a 5% cut is DRACONIAN.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
The Nightman Cometh wrote:I'm no economist, but with inflation I imagine that's how it should work.
jerseyhoya wrote:The Nightman Cometh wrote:I'm no economist, but with inflation I imagine that's how it should work.
You sure aren't. $18 billion in 2000 dollars is $24.4 billion in 2013 dollars. Population has grown by about 12%, so that gets you to $27.3 billion. In other words less than 1/3 of 2012's cost of the program.
The Nightman Cometh wrote:jerseyhoya wrote:The Nightman Cometh wrote:I'm no economist, but with inflation I imagine that's how it should work.
You sure aren't. $18 billion in 2000 dollars is $24.4 billion in 2013 dollars. Population has grown by about 12%, so that gets you to $27.3 billion. In other words less than 1/3 of 2012's cost of the program.
Okay and then add in the worst recession in 75 years...
jerseyhoya wrote:The Nightman Cometh wrote:jerseyhoya wrote:The Nightman Cometh wrote:I'm no economist, but with inflation I imagine that's how it should work.
You sure aren't. $18 billion in 2000 dollars is $24.4 billion in 2013 dollars. Population has grown by about 12%, so that gets you to $27.3 billion. In other words less than 1/3 of 2012's cost of the program.
Okay and then add in the worst recession in 75 years...
And the expansion of eligibility requirements, and you'd get to my post from an hour ago
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
The Nightman Cometh wrote:jerseyhoya wrote:The Nightman Cometh wrote:jerseyhoya wrote:The Nightman Cometh wrote:I'm no economist, but with inflation I imagine that's how it should work.
You sure aren't. $18 billion in 2000 dollars is $24.4 billion in 2013 dollars. Population has grown by about 12%, so that gets you to $27.3 billion. In other words less than 1/3 of 2012's cost of the program.
Okay and then add in the worst recession in 75 years...
And the expansion of eligibility requirements, and you'd get to my post from an hour ago
Which is a bad thing because?