Federal spending on the SNAP program—formally known as food stamps—is already declining as a share of the economy, according to a new report released by the Center on Budget and Policy Priorities. This is the case even though some critics, who claim that SNAP is growing out of control, are calling for deeper SNAP cuts as part of current congressional negotiations over the Farm Bill. These cuts would come on top of the cuts that took place earlier this month.
North Carolina has the fifth highest food insecurity rate in the nation, and cuts on top of cuts will create an even greater challenge for the 1 in 6 Tar Heel households that struggle with too few resources to meet their family’s nutritional needs.
As expected, there was a steep rise in SNAP spending due to the Great Recession—the worst economic downturn since the Great Depression during the 1930s—and the lagging recovery. However, this spending trend is reversing, with the decline in spending expected to accelerate over the next five years (see chart below). Read More