EBT to terminate November 1?
“If we have insufficient cash on hand, it would be impossible for the United States of America to meet all of its obligations.” – Treasury Secretary, Jack Lew
While news outlets were front and center for the EBT Walmart riots, many overlooked the October 17 debt ceiling deadline that would affect the livelihood of millions of US citizens. While that isolated situation may have actually been a glitch in the system, the US plans to make major changes to the Food Stamps/EBT, Section 8 and other government assistance programs starting on November 1 to alleviate the nation’s debt.
In the past few of years, we have seen the government toy around with the lives of the less fortunate by cutting off the EBT; testing the reaction of various businesses and citizens, and watching the impoverished clamor at the idea of starvation. With the unraveling of our country at stake, the Obama administration is already prepared with a disaster plan.
While the official USDA website claims that only certain benefits that are unknown at the time will change, what benefit would it bring to bring mass hysteria to the nation? Not to mention, their uncertainty in the exact terms of the EBT brings much skepticism to the whole ordeal.
According to a four-month investigation released by a team of the world’s top financial and political experts, if in event of a default, it would only take 60 minutes for the country to begin to unravel if the EBT were to terminate.
- Within seconds of news that the United States missed a payment, almost simultaneously, the stock market and the U.S. dollar would plummet in value.
- A super-spike in interest rates would follow in short order.
- A gallon of milk would suddenly cost upwards of $100.
- A loaf of bread, $44.
- A gallon of gasoline, upwards of $1,000.
- In a panic to protect their inventories, business owners would shutter their doors, triggering widespread looting and chaos.
- Then, within an hour later, the federal government would issue emergency notification that its disaster map is in effect.
Check out the official letter sent by the USDA to all SNAP State Agencies over a week ago, and the response from the USDA upon the letter going viral.
While October benefits are fully funded, we appreciate that you are concerned about future operations in the context of a continuing lapse.
At this point, USDA has not instructed States to withhold November benefits from participants. A recent letter to States regarding November issuance files deals with an automated transmission between States and EBT vendors that could happen as early as October 15th, not with the issuance of November benefits. Based on the current uncertainty, USDA has directed States to hold November issuance files in order to preserve maximum flexibility as we consider possible options should the lapse in funding continue.
FNS will continue to work with our States and appreciates their continued support in responding to information requests that will assist us in determining the ultimate course of action.
Again, thank you for your message.
Supplemental Nutrition Assistance Program (SNAP)
Food and Nutrition Service
US Department of Agriculture
What do you think? Are you prepared? Will this affect you and your family?
(Sources are in links within the story.)