Wednesday, May 20, 2009

Stimulus Food Stamp Increases Boost State Economies reports that the stimulus food stamps are starting to be felt in state economies, with 32.5 million people receiving their first bonus in April.
“People who receive these benefits are hard-pressed and will spend any financial aid they receive very quickly,” said Moody’s chief economist Mark Zandi. Every $1 spent on the food assistance program adds $1.73 to local economies because an uptick in food sales creates related jobs and further consumer spending.
For policies to increase food stamp participation.

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