But what you might not know is that in August the Senate cut funding for the SNAP program, as part of a deal to ensure that "legislation enacted to save teacher and other public sector jobs and to provide support to the states attempting to shore up Medicaid budgets" was "deficit-neutral."
The funding cuts for SNAP don't kick in until 2014...
Senate Republicans are demanding that tax cuts for the wealthy -- costing around $700 billion over the next ten years -- be retained, regardless of the impact on government finances. But money directly targeted at saving public sector jobs and paying for Medicaid must be offset by cuts to the welfare net for the poorest Americans. No baby formula for you ma'am, but we're happy to subsidize your new BMW, mister hedge fund manager
I think we should be honest in presenting our ideas in terms of how we’re going to do that and not just say that we’re going to form a commission and try to solve the problem some other way.
Wal-Mart has had a hugely progressive impact on America by exerting downward pressure on grocery prices. Yes, even after accounting for their impact on wages.
of course that's how it works - but the important question is does the consumer end up paying less for their entire basket of goods - and the answer has historically been yes.
Why does the consumer care if ConAgra is getting killed on price?
Uhm yeah, because consumer product companies returns on capital are much much greater then their required rate of return. WMT is not dragging down profitability to the point where it is no longer rational to reinvest in making branded ketchup.
Vlasic is owned by fucking Blackstone. If that sob story were true they would have shut that thing down a long time ago.
Don't believe everything you read in Fast Company.... WMT is not killing these guys.
I know two people who work in retail; one at Walmart, one at a retail clothing store in a shopping mall. Guess where the working conditions, management and wages are better? Walmart. Walmart certainly isn't "driving wages down to the minimum".
Sorry to be such a dick, but that is patently wrong. (there's a nice little chart on page 4)
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