If you know a store that redeems food stamps in exchange for cash, then you know a store that is denying meals for the people that really need them the most.

Okay, enough preachy melodrama. The hard truth about trading food stamps for cash is that taxpayer money – our money – is pulled out of the system and into the pockets of the guys that skim money off the Supplemental Nutrition Assistance Program (SNAP).

But how does the taxpayer lose money in these schemes? What’s the trouble when people sign up for SNAP, get their food stamps, trade the stamps in for cash and buy whatever they want?

Three words: misused taxpayer money.

The money skimmed off the SNAP program can reach up to $330 million. That’s a paltry amount compared to the $64.7 billion doled out via the program. Still, that money can be better spent on government projects for everyone’s good instead of going to useless items like drinks or smokes.

And let’s face it: the whole purpose of SNAP is to feed the folks who have a hard time getting access to three square meals a day, not to reward those that exploit the system to put a little extra money in their pockets.

Last updated: June 4, 2012 by & filed under Blog

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