3.5 million Americans have lost food assistance as Trump's SNAP cuts take effect

55

u/Redd868 6h ago

So ~~national sale tax~~ tariffs and cutbacks on medical and food assistance. Meanwhile, gas and food prices are rising. It's class warfare folks.

Meanwhile, we're flushing money down the toilet on the military.

16

u/rjgarc 6h ago

We've been voting for this since Republicans took hold during the Clinton era

3

u/Either_Operation7586 3h ago

Yep America's been in a conservative era...

And now we're entering our Progressive Era

0

u/Redd868 5h ago

The QE occurred after 2008, and that's under Obama. Interest rates were held to 0.25% and that is what created the acronym TINA (There is no alternative) but the stock market, because the federal government made investments in debt unprofitable.

And as a result, negative real rates emerged at banks, where the lower classes was putting their money. With 2% inflation and 0.25%, that is a negative 1.75% real interest rates. So, that policy resulted in a federally implemented asset tax on savings accounts.

Meanwhile, artificially low interest rates resulted in it making sense for corporations to borrow to buy back stock benefiting the rich.
https://www.un.org/en/desa/unconventional-monetary-policy-reaching-its-limits

And finally, large-scale asset purchases by central banks tend to disproportionately benefit rich households, thus exacerbating wealth inequality.

The class warfare has been around since 2008.

The guy that coined the term "TINA" was on Wealthtrack and said two very material points - around the middle, QE benefits the rich and near the end, there is no free market in debt markets.

When there is no free market, and one class benefits from the federal management in the 100s of billions, that is class warfare.

And then think of the dummies that think MMT is any different than QE. They are both print and spend, and it appear that the printing prints up capital gains.

https://wealthtrack.com/powerful-trends-driving-inflation/

4

u/No_Cook2983 4h ago edited 3h ago

You know during Obama’s first term, we were basically heading for another Republican Great Depression, right?

Or economy was recovering from Covid better than any nation on earth, and then …something happened.

That was back when Elon was in danger going out of business and he was begging the White House for a loan.

-2

u/Redd868 3h ago

I dispute that. That $1.9 trillion Biden stimulus - the Fed printed up $1.5 trillion to offset that. So, most of the money wasn't borrowed, it was printed.

The inflation started to kick off. My credit union which had an income source wasn't keeping up with the bills. It always had before.

But my 4 6-figure investment accounts were accumulating gains that more than offset the problem at the credit union. The credit union is the lower "K" and the investment accounts is the upper "K".

If that upper "K" wasn't around, it is clear that I would be (well, you know what I would like to say), f###ed.

Biden was a deficit didn't matter President too, that relied on the QE funding backdoor to bankroll his deficits.

Hence, the rich got richer.

2

u/No_Cook2983 2h ago

Whatever it is, it seems like it worked. That’s why so many economists were impressed by our recovery. Even made the front page of Barron’s.

So… what was the Republican counterproposal to Biden’s legislation?

I ask because it seems like all Republicans ever contribute is complaining and hypocrisy.

3

u/Retired-Yam8988 5h ago

Plus global energy crisis impending to squeeze every last penny out of everyone. Realize that the US is now a large energy producer. By closing the strait, you’ve effectively increased the price of the output of energy companies with net zero increase in input costs. Maybe this is what Trump means when he says we already won?

2

u/Jarnohams 5h ago

That's what I've been thinking lately. This entire charade war-of-choice thing is just a handout to the oil companies, paid for by US taxpayers.

Trump *thought* going into Venezuela and taking Maduro out would be a handout for the oil companies, but literally no single oil company on the planet wanted to go into Venezuela and potentially lose tens of billions on infrastructure, with ROI's decades out... when the corrupt Maduro regime is literally still in power and could just take back the oil fields, with all the new infrastructure, at any point in time.

In the first year of Trumps admin, oil was just barely above the break even point to get it out of the ground (~$60/barrel). "drill baby drill" is the LAST thing oil companies want. Flooding the market with more oil just makes it cheaper and they were just BARELY making a profit anyways. By going to war, and getting the strait blocked, (which every single smart person knew would happen), Trump has simply doubled the profit of every US based oil company while screwing over all the middle east countries that were doing so well at bribery and corruption... like a $400 million luxury jet, lol.

I think Trump ran out of market manipulation tactics as well. Remember the tariffs thing? tariffs on, tariffs off, tariffs on, 150% tariffs on CHINA!.... blah blah blah. Every single one of those "announcements" / tweets / truths... pumped or dumped the market and whoever knew he was going to make some random tariff announcement cashed in to the tune of tens of billions. FFS, he even had all the hedge funds to the white house to BRAG about how much money they made in one afternoon.

but with this war, he can say "the strait will be open shortly" or "we are in talks for ceasefire" and the market swings... bigly. So this war is just another extension of the tariff thing that he ran into the ground early in his admin.

2

u/Retired-Yam8988 2h ago

Don’t forget the inevitable “reconstruction fund” that goes to his kid’s companies. $300b is the start.

1

u/Jarnohams 10m ago

and he already tried to put in some negotiations that the IRS will never be able to audit his or his kids taxes for the rest of their life... lol. its just blatant corruption now.

1

u/EnfantTerrible68 1h ago

Barely making a profit? Oil/gas companies have been making record profits for years.

1

u/Jarnohams 31m ago

over all yes, but if the price stays as low as it was last year for too long, they are losing money with every drop they pump. They can weather short stints of low oil prices and will probably just cut down on production to push the price back up somewhere sustainable. That's why "drill baby drill" just doesn't help them whatsoever.

iirc, most canadian and US oil companies have a break even point of about $60/barrel for fracking. Saudi Arabia's is something like $10/barrel. when oil is hovering around $50/ barrel you start seeing some of the smaller fracking drillers going under and getting bought out by bigger companies. They are literally taking a loss for every barrel they extract. That's how break even point / math works.

2

u/Redd868 5h ago

He also said "America first". So I think all domestic production should go to satisfying domestic demand at reasonable prices prior to oil/gasoline being sold overseas. If he can tariff imports, he can tax exports too. But, that would alleviate price pressures on the class the government doesn't like - so fat chance.

1

u/Retired-Yam8988 1h ago

lol - you don’t know how global commodities work. The price for commodities is whatever anyone will to pay for it. If someone is willing to pay more overseas for a domestic barrel of oil, guess where that oil is going?

1

u/EnfantTerrible68 1h ago

Absolutely

1

u/EnfantTerrible68 1h ago

We don’t win unless those energy profits are nationalized and that will never happen

1

u/Retired-Yam8988 1h ago

Lol energy like everything else in the US is privatized. The public will always be bankrupt and begging for scraps from billionaires

1

u/EnfantTerrible68 18m ago

Winning! 😳

2

u/dratseb 5h ago

No war but class war

2

u/Redd868 4h ago

Iran is another war that copies our "can't wait for the final proof" Iraq 2003 war. We have Cuba blockaded. We kidnapped the leader of Venezuela. We renamed Defense to Dept of War.

There is lots of wars.

The government is in the war business. Problem with that is, economically, the lower leg of the "K" economy is the target.

Never forget the oath of office. "... I will support and defend the Constitution of the United States against all enemies, foreign and domestic; ...".

We have a domestic enemy problem that dwarfs problems with countries like, say, Iran or Iraq.

0

u/dratseb 4h ago

I think you’re missing my point about class warfare

1

u/Either_Operation7586 3h ago

No definitely not it came through and I would say it's the Republican Party who was against America.

2

u/Either_Operation7586 3h ago

How can you not see this as the Republican party of being against America?

1

u/Redd868 2h ago

They are against the lower "K" in the "K" economy. People without assets with only income available are in trouble. Basically, they are Trump bootlickers, and Trump blew it with the economic damage because of the Iran war. They threw in the 10%/tax-tariff and that targets the poor (and retired).

But, where there is a Uniparty aspect to all of this is, we've been running deficits that have been accelerating. The Fed printed up $1.5 trillion to bankroll Biden's stimulus to buy the debt.

The treatment is money "borrowed" from a printer. This kind of stuff is going to blow up.

However, if you've noticed the stock market, gold, etc, those who hold assets are receiving gains beyond any problems on the income side of the house.

-1

u/CoinChowda 4h ago

Agreed the military and Israel don’t deserve another dollar but people should work for their food. I’m so tired of buying the same stuff other people get for free while I pay taxes and work 50 hours. Why shouldn’t I just filch too?

3

u/Either_Operation7586 3h ago

Why does people being able to eat and not starve to death bother you so bad?

It's because you've been indoctrinated to believe that those people are doing it because they're lazy.

Ronnie dumbass Reagan was the one that coined Welfare Queen and the Republican Party bought it hook line and sinker.

And your comments on people not being able to afford snap because they are cut off due to Trump's incompetence and you're saying you don't care is why America is where it's at.

It's lack of empathy on the Republican side is a true sign that the Republican party is not religious as they purport to be.

1

u/Whaddduptho 2h ago

Why does people being able to eat and not starve to death bother you so bad?

For one thing studies show they are more obese and more depressed than people in their own income bracket.

And secondly we have to pay their medical bills too. There is a strong correlation between being on snap and medicaid simultaneously.

1

u/EnfantTerrible68 1h ago

Children, the elderly, the disabled, military families, families whose wage earners work full time at Amazon, McDonald’s, Walmart, etc - those are all the citizens who need food assistance.

1

u/CoinChowda 1h ago

Too bad people want to filch and ruin it for those who need it. Mostly looking at politicians and lawmakers.

0

u/Redd868 3h ago

They should make the able body work. But it has to be workable, which isn't always the case when childcare is involved. I think it's a complex issue.

On the other side of the coin, there is the capital gains that was printed up by the Fed to benefit the stock market.

https://fred.stlouisfed.org/series/WALCL

The total goes from under a trillion to over $6.5 trillion. And from the way these deficits are looking, only way to deal with those is to add to the total in that chart of the printing. And a percentage of this appears to resolve as capital gains, benefiting the rich.
https://www.un.org/en/desa/unconventional-monetary-policy-reaching-its-limits

And finally, large-scale asset purchases by central banks tend to disproportionately benefit rich households, thus exacerbating wealth inequality.

So, the Rich are benefiting in the trillions. But, the Poor are the beneficiaries of the food stamp program that costs $100 billion. Can't we agree that maybe half are honestly collecting food stamps - brings down the waste to $50 billion. What if 80% are collecting honestly, than we're down to $20 billion.

The point I'm making is, there are all kinds of these shenanigans, but they're for different amounts. And so, shouldn't the indignations be proportional?

There are forces that want the little man angry at the other little man, and my caution is to keep all of this in proportion to the amounts, because the rich and the federal reserve are ripping us off blind with this quantitative easing business designed to create asset inflation.

But check out this one, a government work-from-home job for life. 😛

https://www.nbcsandiego.com/news/national-international/families-caring-disabled-relatives-medicaid-cuts/4024332/

“Influencers are teaching people how to quit their jobs, sign up for California’s IHSS program, and collect up to $63k/yr to stay home with family members,” Rufo wrote in one post.

and

Under Colorado’s Medicaid home-care program, which has been one of the nation’s most generous, Barrett logs up to 112 hours a week as his daughter’s paid caregiver. After lawmakers approved a budget this spring that caps the number of hours a single caregiver can be paid each week at 56, his income could drop from about $162,000 a year to roughly $70,000

I see both sides. There are both sides. And I'd rather pay for Snap shysters over the Iran war. That's not close because of all the collateral economic damage. More proportionality. I keep my indignation as proportional.

1

u/aquarain 31m ago

There are better ways to encourage work than to starve people until they can't work. To undernourish their children so they grow stunted and unable to work.

0

u/CoinChowda 3h ago

I’d say eliminate 97% of federal spending. Not only would it reduce the special interests receiving those benefit dollars, it would calibrate the market to a much more affordable rate on foods. There’s so much waste being thrown out everyday. Why should Frito-Lay, Coca-Cola, and other illness causing foods be provided to the needy? It’s purely for profit and special interests.

Also, these filchers aren’t just sitting around doing nothing, they have their “side hustles” and other markets they deal in without any consequences.

1

u/Redd868 2h ago

The whole entire sugar subsidy business should be shut down. That includes high fructose corn syrup. When other government policies are considered, such as reducing healthcare, programs designed to subsidize the consumption of sugar could be malicious/malevolent intent.

They would have to know that subsiding and increasing the consumption of sugar would have a detrimental effect on human health for the American public. That's where this Citizens United comes in - they are more beholden to their lobbyist than the public, and so the special interest profits while the public is damaged.

That's our government.

20

u/NewbieNooo 6h ago

While that is happening Trump and his family are pocketing taxpayers money. Fuck Trump

11

u/CLTGUY 6h ago

Up here in Western North Carolina, most of the Trumpers are on SNAP. I love this for them.

6

u/3mrunner 6h ago

Well they voted for this

10

u/Olderandolderagain 6h ago

This is how revolutions start. All you poor Republicans, know that the rich Republicans don’t have, and never will have, your best interest in mind. They are good at marketing. You will suffer under them. This has historically been the case and will be for 2 more years. Good luck.

3

u/ynotfoster 5h ago

I really think this is what they want. They will get us into the streets to fight for food and will then declare Marshall law. This should workout timewise for the Midterms.

12

u/onceinawhile222 6h ago

1.8 billion to Trump’s cronies, 1 billion for an egotistical ball room and gold plated horses is a worthy use of taxpayer dollars but food for 3.5 million hungry Americans is impossible. Remember Republicans are totally responsible for this travesty.

3

u/ariadesitter 5h ago

a billion here a billion there and pretty soon you’re talking real money

3

u/ariadesitter 5h ago

starving people is how revolutions start.
if people have nothing to lose then the government isn’t doing its job and must be replaced by something else.

2

u/RockieK 5h ago

Oh but now we get a cool ballroom, tariffs and A WAR!

2

u/aquarain 3h ago

No bread. Only circuses.

2

u/annon8595 3h ago

Hopefully 3.5m people learned that elections and sitting home on election day have consequences.

4

u/gadafgadaf 6h ago

Damn. Why would Biden do this to us? /s

1

u/JonFrost 5h ago

Who did they vote for?

1

u/gman-101010 4h ago

Yes...but in a recently released Republican survey all 3.5 million of those Americans stated that 'They felt GREAT again...'.

1

u/Whaddduptho 3h ago edited 2h ago

It's worth noting that if a governor felt that a city or county didn't have enough available jobs they were allowed to apply for an exemption.

My state is 2nd highest in unemployment rate and my city is exempt from the new rules.

As a county we average like 6% but the city is near 11%

0

u/GoryEyes 3h ago

Good. Tax payers shouldn’t be forced to subsidize everything.

2

u/aquarain 3h ago

It's a farm subsidy.

1

u/Whaddduptho 2h ago

It buys a lot of unhealthy things but sure. Subsidizing Pepsi and Coke. Which in turn causes cavities and then we pay for that too.

A program like WIC is more directly a farm subsidy. Covers milk and whatnot.

-6

u/Muted_Dig_8244 5h ago

I think its really sad to cut food. I also think its sad that undocumented people are sucking the resources from the American poor. Housing, phones, food, healthcare, reduced wages, constant strain on the court systems, Don't know the answers, other than vote them all out. No politician is concerned with us voters. Just a bunch of greedy politicians to get all they can, while they can.

5

u/Catdaddy84 5h ago

For the record undocumented immigrants can't receive Federal welfare benefits. Generally speaking undocumented immigrants are a profit center for federal taxes. They pay into the system but they can't take out.

1

u/Whaddduptho 4h ago

I can find evidence showing they come at a net cost.

If the state wants to feed them then feed them.

States end up getting the money from us in other ways (such as claiming to build a bullet train and only laying one piece of track).

5

u/Seaweed-Basic 5h ago

TRUMP. AND HIS RICH CRIMINAL ASSHOLE COCONSPIRATORS ARE THE ONES SUCKING THE RESOURCES FROM AMERICANS!!!!!

Immigrants help the economy, and society.

3.5 million Americans have lost food assistance as Trump's SNAP cuts take effect

You are about to leave Redlib

The class warfare has been around since 2008.