…Until You Run Out of Other People’s Money…

1 Nov

Which Apparently Happened Today…

Today, one of America’s best-known welfare programs with 47.6 million participants or 15% of the total population, the Supplemental Nutrition Assistance Program also known as “foodstamps” or EBT, is due for a substantial haircut: beginning Friday, there will be a phased in $5 billion reduction (6% of the program) for the 12 month period starting November 1st 2013. So what happens next?

Food Riots?

 

Zero Hedge

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