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Pelosi Cries: “What are You Thinking?”

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House Republicans passed a farm bill last week separating food stamps from farming. It’s about time. From 2002 to 2012 the average number of participants on food stamps has ballooned by 250% from 19 million to 47 million. The number is growing faster than you can say “Slurpee” and is at 50 million this year. As you can see registration in Rhode Island is a SNAP! And the cost has doubled from 2008 to 2012.  Meanwhile Minority Leader Nancy Pelosi cries that Republicans are taking “”food out of the mouths of babies and you prevent a bill from going forward that addresses our food banks and our nutrition needs and the rest for our country, what are you thinking?” What is she thinking? The Wall Street Journal continues:

Ms. Pelosi’s anger must be especially amusing to House Speaker John Boehner, because the Democratic leader helped to defeat the original $1 trillion version of the farm bill last month. That version included some $740 billion for food stamps, but Democrats opted to kill it because they wanted even more money for a program whose cost more than doubled from 2008 to 2012. They objected to a modest GOP proposal to allow states to adopt pilot work requirements for able-bodied food-stamp recipients.

 

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.