This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Senator Richard Lugar's Farm Bill Would Eliminate Food Stamps For 74,000 In Illinois; 15,000, Chicago

CHICAGO, April 6, 2012 /PRNewswire/ -- Republican Senator Richard Lugar of Indiana reintroduced legislation last month to cut $40 billion from federal farming support and federal nutrition assistance funding, which could eliminate food stamps for 74,000 already hungry Illinois residents, including 15,000 in Chicago.

Those estimates come from a Chicago-based nutrition group which helps feed and sustain low-income people living with HIV/AIDS and other chronic illnesses.

"A legislative plan by Senator Lugar to cut federal food stamp spending alone by $14 billion over 10 years as part of the 2012 Farm Bill reauthorization would eliminate nutrition assistance to more than 74,000 Illinois residents, of which more than 15,000 would be in Chicago," said Vital Bridges Center on Chronic Care/Heartland Health Alliance Chief Health Care Strategist Deborah Hinde.

"It would deepen an already overwhelming nutrition problem in Chicago," Hinde added.

Lugar's plan, Senate Bill 1658, aims to be part of the overall Farm Bill reauthorization that is to take place in 2012, says Hinde.

Nationally, the Food Research and Action Center estimates that Lugar's bill would eliminate food stamp eligibility for one million people and deprive 200,000 children of school meals.

"The reauthorization will address all elements of the Farm Bill - subsidies, supplemental nutrition assistance, the emergency food program, and big cuts, like Lugar's are looming," said Hinde. "It won't be pretty - and that is putting it mildly."

In Illinois, as of November 2011, there were 1,850,593 food stamp recipients in Illinois or 14.4% of the population. That is an overall 6.8% jump over last year.

Regionally, in 2011, state food stamp growth jumped 46% in Cook County, 133% in DuPage County, 84% in Lake County, 96% in Kane County, 168% in McHenry County and 74% in Will County, underscoring the steep increase in poverty in Chicago's collar counties.

Meanwhile, the U.S. House Agriculture Committee held a field hearing in Galesburg, Illinois on March 23, 2012 to gather input in advance of writing the 2012 Farm Bill.

Hinde also warned that senior households are at greater risk of food insecurity.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs