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Home Publications Blogs Beat the Press Food Stamp Trivia: How Much is $9 Billion Over the Next Decade?

Food Stamp Trivia: How Much is $9 Billion Over the Next Decade?

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Thursday, 09 January 2014 08:04

The Washington Post dives into the really big numbers game today telling readers about a compromise between Democrats and Republicans in Congress that will lead to $9 billion in cuts to the food stamp program over the next decade. If you're expecting a big tax cut from eliminating this spending on food stamps, you might want to wait a bit before spending the windfall. 

If we go CEPR's nifty responsible budget reporting calculator we find that this cut comes to 0.019 percent of federal spending over this period. In other words, the cuts may mean a lot to the people affected. They don't mean much to the overall budget. (But hey, Washington Post readers knew that, right?)

Comments (5)Add Comment
...
written by JDM, January 09, 2014 9:18
Even without knowing the size of the US budget, it takes only a little thought to realize that $9 billion over 10 years is a savings of less than $3 per US citizen per year.

Doesn't the Washington Post realize we've got kinda a lot of people in this country?
...
written by B fernandez, January 09, 2014 11:07
For a taxpayer with an AGI of $150,000 and effective tax rate of 16%, this SNAP reduction saves him $4.56 a year. Wow!
1 Cent saved on spending for the plebes
written by ifthethunderdontgetya™³²®©, January 09, 2014 12:46
Is worth a hundred dollars squandered on the M.I.C.

- Fred Hiatt and fiends
~
...
written by TK421, January 09, 2014 5:53
Way to fight for the little guy, Democrats.
The public isn't quite as stupid as certain people might like
written by cas127, January 11, 2014 9:06

Cough cough.

Pretty hard to argue the triviality of the cut size over ten years without arguing the triviality of the cut size over ten years...

...For the program recipients as well as the US taxpayers (who don't include children, for those of you obliviously dividing program expenses by 315 million...).

This line of argument is a FAIL even on its own stilted terms.

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Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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