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Top secret: $80B a year for food stamps, but feds won’t reveal what’s purchased
Posted By admin On June 25, 2012 @ 2:05 pm In Money Watch,Tile | Comments Disabled
The Washington Times 
Monday, June 25, 2012
Americans spend $80 billion each year financing food stamps for the poor, but the country has no idea where or how the money is spent.
Food stamps can be spent on goods ranging from candy to steak and are accepted at retailers from gas stations that primarily sell potato chips to fried-chicken restaurants. And as the amount spent on food stamps has more than doubled in recent years, the amount of food stamps laundered into cash has increased dramatically, government statistics show.
But the government won’t say which stores are doing the most business in food stamps, and even it doesn’t know what kinds of food those taxpayer dollars buy.
Coinciding with lobbying by convenience stores, the U.S. Department of Agriculture, which administers the program in conjunction with states, contends that disclosing how much each store authorized to accept benefits, known as the Supplemental Nutritional Assistance Program (SNAP), receives in taxpayer funds would amount to revealing trade secrets.
Full story here.
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 The Washington Times: http://www.washingtontimes.com/news/2012/jun/24/top-secret-what-food-stamps-buy/
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