Exclusive: Food Stamp Recipients Outnumber Populations of 24 States Combined

An analysis by Breitbart News has found that the number of individuals on food stamps now exceeds the combined populations of 24 states and the District of Columbia.

In November, the U.S. Department of Agriculture reported that a record 47,102,780 individuals receive food stamps. 

According to US. Census Bureau data, that figure exceeds the combined populations of: Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.

Since January 2009, the number of individuals on food stamps has skyrocketed from 31.9 million to the current record high 47.1 million. By comparison, in 1969 just 2.8 million Americans received food stamps.

Also benefiting from the rapid rise in food stamps are companies like JP Morgan who administer Electronic Benefit Transfer (EBT) cards. A recent report by the Government Accountability Institute found that since 2004, JP Morgan's 24 state EBT contracts have totaled at least $560,492,596.02.

Last year, the food stamp program (officially known as the Supplemental Nutrition Assistance Program or SNAP) cost taxpayers $72 billion, more than double the $30 billion spent four years ago.

The meteoric rise in the number of individuals receiving food stamps has spawned a thriving illegal online market for those seeking to turn their benefits into cash.

Today, one out of every seven Americans now receives food stamps. 


Comments

advertisement

The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

Full Article

Send A Tip

Most Popular

advertisement

Breitbart Video Picks

Fox News National

advertisement

Sign up for our newsletter

advertisement

From Our Partners