Congress is debating ways to tighten food stamp eligibility requirements to cut rising costs, according to Politico.Costs are rising due to food price inflation and participation in the program by a record 46 million Americans. Unfortunately this means that Americans need food stamps more than ever.
The Agricultural Department forecasts food prices to go up 3.5 to 4.5 per cent, compared to 0.8 per cent increases last year.
Meanwhile, the Budget Super Committee has to cut $1.2 trillion from budget deficits in the next 10 years, and food stamps look like an easy target. A proposal to cut $23 billion from agriculture and nutrition programs was already submitted last month.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.