"From 2004 to the present day, SNAP enrollment has doubled from 23 million people to more than 46 million. The cost of the program over that period has moved from $25 billion annually to $75 billion in 2012.
...Monthly payments increased because of the 2009 American Recovery and Reinvestment Act, but these increases expire on Friday. The jumps were substantial – the average benefit per person increased to $125 in 2010 from $102 in 2009 and topped out at $133/person in 2010 – 2012.
The USDA estimates that this will be a $36/month reduction in benefits for a family of four."
http://www.zerohedge.com/news/2013-11-01/today-americas-foodstamps-program-gets-6-haircut-what-happens-next
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Average monthly benefit per person in North Carolina; $121.37 x .06 = about $7.28 less per month
Average monthly benefit per household in North Carolina; $257.95
http://www.fns.usda.gov/pd/18SNAPavg$PP.htm
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1.7 million North Carolinians x $7.28 = $12,376,000 less stuff purchased per month.
$12,376,000 x 12 months = about $148,512,000 less spent per year in North Carolina from the cuts.
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Total North Carolina population; 9,752,073 / 1.7 million = about 17% of the state receives SNAP benefits.
http://en.wikipedia.org/wiki/North_Carolina
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If about $148,512,000 less is spent in North Carolina over the next 12 months from SNAP cuts, chances are, another $75,000,000 or so will also not be spent from consequential unintended consequences.
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http://public.tableausoftware.com/views/HowwiltheNov_1foodstampcutsaffectyourstate-_0/Dashboard1?:embed=y&:display_count=no |
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