Economic Prospects for Citizens Grim to 2019
If the COLA for food stamps is frozen over the next eight years, NPP analysts project a 19% erosion in the buying power of those stamps due to inflation. This means that, by the end of 2019, a similar family of four, eating at exactly the same level, would be paying $611 a month for its food, or $100 more, while still receiving that same $321.
In other words, if the 2011 budget and its projections proceed as planned, a great many Americans will be hungrier and still jobless in a harsher, meaner world, while what budgetary savings are achieved on the backs of the poorest Americans will be gobbled up by wars, weapons, and other “security” needs. Ordinary Americans will largely be left in a sink or swim world and the waters will be very, very cold.
Jo Comerford, National Priorities Project
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