This Day On The Street
Continue to site
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

Statement By U.S. Conference Of Mayors Decrying Food Stamp Cuts, Calling On Congress To Restore Funding

WASHINGTON, April 19, 2012 /PRNewswire-USNewswire/ -- Tom Cochran, CEO and Executive Director of The U.S. Conference of Mayors today released the following statement about yesterday's federal House Agriculture Committee vote to cut by $33 billion the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps:


"The U.S. House Agriculture Committee literally took the draconian step of taking food out of the mouths of hard-working families in our nation. The SNAP program allows millions of American families with little or no income to purchase needed food and grocery supplies.  So when Congress votes to cut critical programs such as SNAP, mayors understand very clearly what these abstract numbers mean in the real world.  

"The House Agriculture Committee majority has not just voted to take money out of a budget line item, but literally to undermine the health of 300,000 of the nation's neediest children. If there's a more misguided, mean-spirited and counterproductive way to address decades of deficits in this country, the Mayors of the United States can't think of one. 

"The Conference of Mayors, whose very foundation is built on the goal of strengthening cities and families, strongly opposes these cuts to such a vital program.  In fact, mayors from across the country, under the leadership of Boston Mayor Tom Menino and Baltimore Mayor Stephanie Rawlings-Blake, are meeting in Boston today to discuss strategies on how best to feed our citizens by creating local urban food systems.  Our children can't fight for themselves, but the nation's mayors can and will."   

According to economists at the Center on Budget and Policy Priorities, an estimated $33 billion cut would cause some 2 million individuals (mostly working poor and seniors) to lose their benefits resulting in removing almost $8 billion from the economy through 2013.

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are 1,210 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Find us on , or follow us on Twitter at .

SOURCE The U.S. Conference of Mayors

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs