Just Pay With Food Stamps

Recently Congressional Democrats and Obama have touted their spending blitzes for schools and Medicare as being “paid for.” They’ve “paid for” these bills with future deductions in the Food Stamps program. As long as you’re not a liberal, you might wonder, “How do they pay for a program today with money from the future?”

Here’s how it works. Food stamps is a huge social program that expands or contracts based on need. If a person meets the criteria, they get food stamps, otherwise they don’t. Pretty simple. As the program exists, Democrats do not have the ability to deny food stamps to those who meet the requirements. They wouldn’t do that anyway, but they couldn’t if they wanted. Right now, with the economy trudging sluggishly amid the pitfalls of liberal economic policy, food stamp usage is at an all time high. All Bama and his cronies are doing is betting that by the time the bill comes due, food stamp demand will have diminished to the point where the difference covers the government’s financial obligations. Essentially, the government has written an IOU to itself today with the expectation that tomorrow’s food stamp program is costs that much less than it does today. Given Bama’s economic track record so far, I’d say that’s a gamble.

What should upset taxpayers about this is that if the cost of the food stamp program decreases, it doesn’t matter, the savings is already spent, and for something nobody remembers that happened years ago, and for dubious reasons. And if the cost of the food stamp program does not decrease, then we have to incur additional debt to cover the IOU. Either way we lose!

Just another lesson in fiscal discipline from Bama and the Democrats!