The Phaserl


Boomtown 2: Corporations Profit Off $75 Billion Food Stamp Industry

by Tony Lee, Breitbart:

On Fox News’ Hannity on Friday, Government Accountability Institute (GAI) President Peter Schweizer and Breitbart News Executive Chairman Stephen K. Bannon exposed how politicians and corporations have used the country’s food stamps program, which is meant to temporarily supplement the nutrition of Americans facing hard times, as a profitable jobs program.

In “Boomtown 2: The Business of Food Stamps,” Schweizer said a program that was supposed to be a “safety net” has “become an insider game of power and profit” where corporations try to get a slice of the $75 billion taxpayer-funded pie. In addition, as host Sean Hannity noted, nearly 20% of Americans are on either food stamps or disability payments, which means they are depending on the government for all of their “sustenance.”

The GAI president said the tentacles of the food stamps industry “extend to Wall Street and Madison Avenue.” He claimed as the food stamps budget increases, many of the nation’s top companies see their market shares increase as they try to get their share of the $75 billion the government spends a year on food stamps.

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