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David Notarianni: Those profitable Food Stamps?
01:00 AM EST on Wednesday, December 3, 2008
Regarding the Dec. 4 story, “R.I. looking to launch “mini stimulus package”: Your writer Steve Peoples wrote about adding 10,000 more people to the Food Stamp program. Rhode Island House Finance Committee Chairman Steven Costantino cited a study that claims that every Food Stamp dollar distributed generates $1.73 for the economy.
Can somebody explain how spending a dollar creates $1.73, or is this the basic idea that created the financial mess the state and country are in now? Since the state is spending $1 million a day more than it is taking in then shouldn’t this equal a daily profit of $730,000?
Just sign me confused and broke.
DAVID NOTARIANNI
Cranston
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