Article Image

IPFS News Link • Biden-Harris Deep Fake Administration

'Bidenomics' Fail: Food Stamp Bonanza Sends Grocery Bills Soaring 15%, Study Finds

• https://www.zerohedge.com, by Tyler Durden

In 2022, the Department of Agriculture's Supplemental Nutrition Assistance Program (SNAP) spending hit a record high of $119 billion, a sixfold increase over the last two decades. In 2019, taxpayers were on the hook for $4.5 billion per month on food stamp benefits. By December 2022, monthly food stamp spending soared to $11 billion.

According to findings from the government watchdog Foundation for Government Accountability (FGA), previewed by Fox News, the administration's massive expansion of food stamp benefits could be responsible for a 15% spike in grocery store prices. 

FGA called Biden's rush to increase SNAP benefits an "unlawful expansion—which bypassed Congress—will cost taxpayers $250 billion over the next decade and has heavily contributed to soaring grocery prices."