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Bob Greenstein
Final stimulus/ response package should include a 15% increase in the basic SNAP benefit level. This is good for struggling families that will face increasing difficulties making ends meet and good for a sputtering economy that needs a boost in consumer demand.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
We know that the economic impact of this crisis will be overwhelming and long-lasting. Goldman Sachs projected that we could see an increase from 281,000 claims the week of March 8 to 2,250,000 the week of March 15 – a jump by almost 10 fold.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
The pandemic will disproportionately affect low-wage occupations. Workers will see layoffs and much longer periods of joblessness. Some won’t qualify for unemployment benefits.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
SNAP benefits are modest – averaging about $1.40 per person per meal. During downturns, when many people see their incomes drop and their periods of joblessness are longer, the low benefit is particularly problematic.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
Increasing SNAP benefits now – and for the duration of the downturn – will mean that families can better afford to put food on the table.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
But that’s not all. It is also an extremely effective way to boost consumer demand – key to bolstering a flagging economy.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
SNAP households have very tight budgets, so they tend to spend any additional income or resources they receive. That is why both Moody’s Analytics and CBO have said that increasing SNAP benefits has one of the biggest “bangs for the buck” in terms of shoring up the economy.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
SNAP is among the most rapid and effective forms of stimulus we can enact. If stimulus legislation is enacted now, states could modify their SNAP programs to provide the benefit increase starting with May benefits.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
We know this works. We increased SNAP during the Great Recession. This increase was critical to preventing far larger increases in poverty and it reduced food security, while providing very effective economic stimulus.
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Bob Greenstein Mar 23
Replying to @GreensteinCBPP
This is a crisis. We should not leave out measures that we will know will work to mitigate harm and boost the economy.
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muhahaha!!! Mar 23
Replying to @GreensteinCBPP
Those who appear to keep getting forgotten: Persons on SNAP or SSI (SSDI), who already had their 1 small payment per month. SNAP covers regular food (no paper products, BTW) and SSI covers rent. How are we supposed to be prepared, for 2 weeks+ ahead of time? without funds?
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muhahaha!!! Mar 23
Replying to @GreensteinCBPP
FYI: In case someone is about to yell at me that : "The Gov ALREADY gives you too much $$$, blah blah.." See below: $16.00, for food. No paper products, no cleaning supplies, no medicines.
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