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      food stamps

      A man with a gray beard looks at a sign reading, "We accept food stamps."

      Food Stamp Work Rules Harm Older Poor Americans

      The new restrictions “put almost 750,000 older adults aged 50-54 at risk of losing food assistance,” the Center for Budget and Policy Priorities Found.

      Christopher D. Cook
      Teresa Ghilarducci
      Sep 13, 2023

      Life is getting even tougher for poor people in America. As poverty rates soar—due in part to policies such as cutting pandemic aid for poor and working-class people—new rules that kicked in September 1 only add to the suffering.

      As if being poor and unable to afford food isn’t hard enough, new food stamps rules require all destitute Americans up to age 50 to work 80 hours a month for their monthly aid, under the Supplemental Nutrition Assistance Program (SNAP). Next year this will extend to 54year-olds.

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      Opinion
      SNAP
      The Lockheed Martin logo in blue on a white smartphone screen.

      Lockheed Martin Is Making Its Shareholders Rich at Your Expense

      If the military contractor’s stock buybacks come proportionately from the different revenue streams of the company, U.S. taxpayers underwrote $5.8 billion in Lockheed buybacks in 2022.

      Brett Heinz
      Aug 02, 2023

      The value of Lockheed Martin’s stock grew by 37% last year, representing an incredible financial gain for investors in the nation’s largest military contractor.

      This spike was hardly the result of changing market conditions, however: The S&P 500 ended the year with growth of -20%. Instead, this growth came from stock buybacks. In 2022, the company bought back more of its own stock than in any other year in its history: $7.9 billion, equivalent to 12% of its sales income.

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      Opinion
      lockheed martin
      U.S. House Republican Leader Kevin McCarthy (R-CA) (L) talks to Rep.-elect Matt Gaetz

      McCarthy's GOP Cruelly Targets Most-Vulnerable With Sabotage of US Economy as Hostage

      No one who actually wants to reduce the federal deficit should be looking to do that on the backs of the poorest and most vulnerable Americans.

      Josh Bivens
      Samantha Sanders
      Apr 26, 2023

      This week, Speaker of the House Kevin McCarthy plans to hold a vote on a bill that would raise the nation’s debt limit, but only in conjunction with extraordinarily steep spending cuts and new barriers to accessing income support programs. This is the next milestone in House Republicans’ attempt to play a game of dangerous political brinkmanship with the U.S. economy, trying to force through harmful and deeply unpopular federal spending cuts in exchange for increasing the debt limit. This approach recklessly flirts with bringing on the economic catastrophe of a government default in the short term.

      Speaker McCarthy’s proposal would slash spending across federal programs for the next decade, cutting federal resources for everything from child care programs to environmental protection safeguards. If these deeply unrealistic spending cuts actually came to pass, the human toll would be enormous, and economic growth would be deeply damaged.

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      Opinion
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