Another income redistribution scheme from the O team wants to borrow another $400 million a year to subsidize grocery stores in the hood.

CNSNews.com

EXCERPTS:

“To do that,” she said, “we’re creating a Healthy Food Financing Initiative that’s going to invest $400 million a year—and leverage hundreds of millions more from the private sector—to bring grocery stores to underserved areas and help places like convenience stores carry healthier options.”

Pushing this $400 million food-desert-eradication plan became a standard part of Mrs. Obama’s stump speech.

There are 23.5 million people who live in “low income” areas that are more than a mile from the nearest supermarket. But more than half of these people are not low-income, and almost everyone in these areas — 93.3 percent—drive their cars to the supermarket. On average, they spend 4.5 minutes more than the typical American traveling to the supermarket.

Only 0.1 percent—one-tenth of one percent—of Americans living in low-income areas more than 1 mile from a supermarket took public transit to the store, the report said.

For them, Mrs. Obama would create a new $400 million entitlement.

FULL STORY

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