Wednesday, April 3, 2013

COST OF FOOD STAMP FRAUD MORE THAN DOUBLED IN OBAMA'S FIRST TERM


Food stamp fraud has more than doubled since Barack Obama took office in 2009. In 2011, according to the USDA, food stamp fraud was approximately $750 million. The type of fraud noted was derived from selling Supplemental Nutrition Assistance Program (SNAP) benefits to food retailers for cents on the dollar.

The USDA stated, "In 2011, program costs totaled $75.7 billion. Using the most recent data on trafficking available, USDA estimated that trafficking would be 1 percent of $75 billion, or approximately $750 million." 

But in the years 2006-2008, the USDA stated, "Trafficking diverted an estimated $330 million annually from SNAP benefits – or about one cent of each SNAP dollar – between 2006 and 2008. About 8.2 percent of all stores trafficked.”
Kevin Concannon, U.S. Department of Agriculture undersecretary for food, nutrition and consumer services, acknowledged the problem:

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