FRAC Statement on Debt Ceiling
Statement attributable to FRAC President Jim Weill.
Food Research and Action Center
Washington, D.C.—August 2, 2011—As the debt ceiling agreement becomes law today, it is noteworthy that the U.S. Department of Agriculture today posted data showing the largest single month jump in SNAP (food stamp) participation since September 2008, the month that Lehman Brothers went into bankruptcy and the Great Recession downturn accelerated. The growth was driven both by ongoing economic weakness and by natural disasters in the South.
Posted by Sue Kirby on 08/03/11 •
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Robert Reich - Ransom Paid
Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.
The deal does not raise taxes on America’s wealthy and most fortunate — who are now taking home a larger share of total income and wealth, and whose tax rates are already lower than they have been, in eighty years. Yet it puts the nation’s most important safety nets and public investments on the chopping block.
Posted by Sue Kirby on 08/01/11 •
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