Posted on 12/02/2010 3:46:06 PM PST by Libloather
**SNIP**
At the very top, the single most effective thing that they studied that Washington can do to reduce unemploymentthe very top? Increasing aid to the unemployed.
Why is that the most effective thing Washington can do? Because people who are unemployed are broke. So, if the government gives them money, they will turn around and spend it. Theyve got to. They will spend that money instead of saving it, because they cannot afford to save it. And spending that money increases consumer demand, which is good for companies that supply that demand, which means those companies get more busy and they grow, which means they hire more people and so on. Thats the whole idea of stimulus.
Unemployment benefits arent just handy for people who paid into unemployment insurance and lost their jobs, unemployment benefits are handy for all of us, because they are very, very stimulative. They are very good for the economy as a whole. Aid to the unemployed is the single most effective policy that the nonpartisan CBO studied.
Of the 11 different policies they evaluated, the single most effective one for creating jobs: unemployment benefits. The single least effective one for creating jobs was, oh, reducing income taxes. Yes. So, again, to be clear, most effective, best thing for the economy: unemployment benefits. Least effective in terms of whats good for the economy: reducing income taxes.
This is multiple choice and you get the answers. Not from some schmuck on cable TV, but from the nonpartisan Congressional Budget Office, that office that studies this stuff. If you care about jobs, their study makes the answers easymost effective thing for creating jobs: unemployment benefits. Least effective thing for creating jobs: cutting the income tax.
(Excerpt) Read more at today.msnbc.msn.com ...
idiocy
It’s true! I just went in the garage and stood in a bucket. I tugged on the handle and lifted myself. Dangdest thing ever.
Awesome. So simply put and yet so powerful! I can’t wait to use this on my liberal in-laws at Christmas. I said it CHRISTmas.
the argument would work on extending the Bush tax cuts to everybody.
There they go again, those Democrats are creating shovel ready jobs. They are creating big piles of unbelievable stinky shit for us to clean up, and it sure has been a stinky day.
"Now another thing, these hogs I will not raise will not eat 100,000 bushels of corn. I understand that you also pay farmers for not raising corn and wheat. Will I qualify for payments for not raising wheat and corn not to feed the 4000 hogs I am not going to raise?"
"Also, I am considering the "not milking cows" business, so send me any information you have on that too."
How on earth do people this STUPID get national facetime?!!!
Wow, think how much the economy would be stimulated if ALL OF US were drawing unemployment benefits.
Twenty-six weeks is six months. If you can’t find ANY JOB in six months, what is the probability of you finding employment after your benefits expire? Probabily better than still receiving unemployment checks, which gets people accustomed to not working and not looking for work.
And that is a very kind statement. It is hard to believe that there are people that stupid.
Well let’s think about this. How many people does it take to process the application for benefits, two, three, ten? Depends on the gubmint. How many apps can a gubmint grunt process in a day? And what’s his salary? as opposed to...how much grab can a gub grunt grant?
You know, she could be onto something! If we employ more people to give people money, than we have people getting money, we have more employment!
There’s just one hitch. Where will the gubmint get the loot to pay the caseworkers at unemployment?
Rachel, do you know?
Does anybody?
(all FReeper hands go up)
Er...Mr. Galt, where are you going? We’re not finished here!
You should make that your sig line. ;)
& ur psycho bunny -- !
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