Thursday, November 15, 2012

The Food Stamp President

President Obama popular vote total in the 2012 election (as of today) is 62.6 million votes.

There are currently 47.1 million people in the United States receiving food stamps.  That is equal to 75.2% of the total votes he received for President.

Mitt Romney garnered 59.1 million votes for President.

There were 45.4 million tax returns filed for individuals with adjusted gross incomes of $50,000 and higher in 2010 according to the IRS.

We have reached a point where we have more people on food stamps than the number of tax returns being filed that are paying taxes to support the country.

You might question this and ask why am I including only those tax returns for those making more than $50,000?  There are 38.1 million tax returns filed by those under $50,000 of AGI who are actually paying some income taxes.

There are another 59.1 million tax filers who pay nothing in federal income taxes.

However, the 38.1 million tax returns filed by individuals with adjusted gross income of less than $50,000 in 2010 are barely covering the food stamp cost in the federal budget  These individuals paid $77.2 million in income taxes. By contrast, the food stamp program cost $71.8 million in fiscal 2011.

Therefore, almost the entire load for the 310 million people in the United States is being carried by the taxes paid with 45.4 million tax returns.

You begin to see the challenge that Mitt Romney had in the election when you match up 47.1 million people on food stamps vs. 45.4 million tax returns.

You also can better understand why Newt Gingrich referred to Barack Obama as "The Food Stamp President" in the Republican primaries.

Here are a few charts that put the growth of the food stamp program in perspective prepared by Matt Trivisonno.

There are 47.1 million individuals currently receiving food stamps.

That represents 14.9% of the U.S. population.

The cost of the food stamp program has more than doubled since 2008.

19 million additional individuals (and voters?) were added to the food stamp rolls over the last four years.  Note that only 11 million additional food stamp recipients were added to the rolls during eight years of Bush 43 and food stamp beneficiaries actually dropped by 8 million during the eight years ( and six Republican Congress years) in the Clinton Administration.

What is particularly interesting is the United States has more individuals on food stamps (47 million) than the entire population of Canada (35 million)! And yet Canada is producing oil and gas and President Obama is blocking almost all efforts to take advantage of our resources.  For example, three days after the election the Interior Department closed 1.6 million acres of federal land for oil shale development that had been set aside for that purpose by the Bush Administration.

When you have as many mouths to feed as we do, we better either get these people a job (for which affordable energy is critical) or look to create more wealth by taking advantage of our oil and gas resources to generate more revenues to the federal government (as Canada has done over the last decade.)

A number of states now allow food stamps to be used to purchase fast food meals.  How this is consistent with Michelle Obama's healthy eating initiative is beyond me.  I guess it has something to do with votes.  By the way, they are not called food stamps any more, they are EBT's since the program has been transitioned to an electronic benefit transfer card.

If you have any doubts how far we are gone, feast your eyes on this profane, perverted music video that  is entitled "It's Free, Swipe Your EBT".   This is the United States of America in 2012?  Did Mitt Romney have any chance at all?  Remember, he is the guy who was out of touch with America.  That does sound right if this is what America has become.

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