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Pelosi says Food Stamps Helping Our Economy

Posted by devildog6771 on October 7, 2010


Nancy Pelosi, Speaker of the United States Hou...

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According to a CNN report, House Speaker Nancy Pelosi has taken the offensive, or is it the defensive, after Newt Gingrich made the remark:

“GOP candidates should use the growing number of people on food stamps against Democrats on the campaign trail.”

 

Prelosi is arguing that:

“It is the biggest bang for the buck when you do food stamps and unemployment insurance. The biggest bang for the buck”

..At a press conference in her home town of San Francisco, Pelosi explained that the program’s multiplier effect –the amount of money generated in the local economy as the result of the subsidy– far exceeds the nearly $60 billion spent this year by the federal government and is a sure-fire way to stimulate the economy. For every dollar a person receives in food stamps, Pelosi said that $1.79 is put back into the economy. The U.S. Department of Agriculture cites an even higher figure of $1.84..

Gingrich is suggesting that Republicans should use the figures showing the increase in food stamp recipients as a campaign issue. According to Gingrich:

(t turns out that Barack Obama’s idea of spreading the wealth around was spreading more food stamps around.

I don’t care for Gingrich. But, I find it hard to disagree with his remarks about this issue. Since when is good for our nation that:

The number of Americans receiving food stamps rose to a record 41.8 million in July and approximately one in eight Americans participate in the program, according to the USDA, with the average household subsidy receiving $294 a month.

Have the Democrats and Pelosi lost their perspective?

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