Posted on 01/28/2009 3:14:28 AM PST by Sub-Driver
Food Stamps Will Stimulate the Economy More than Tax Cuts, Pelosi Says Wednesday, January 28, 2009 By Ryan Byrnes
(CNSNews.com) – Food stamps and unemployment insurance will provide more economic stimulus than tax cuts, House Speaker Nancy Pelosi said Tuesday during a telephone press conference.
“(F)ood stamps and unemployment insurance, which affect the people in the states, are necessary at this time when funds are short and the economy is down, (and) actually have the most stimulative effect on the economy,” Pelosi said. “Food stamps first, unemployment insurance next, infrastructure after that, and it goes on from there.”
During the press conference, Pelosi laid out the contents of the American Recovery and Reinvestment Act, which is expected to be passed in the House Wednesday. employment insurance “have the most stimulative effect on the economy,” and as a result are given the greatest priority in the stimulus package.
“Actually, those investments bring a bigger return than the tax cuts,” she said, adding: “but tax cuts where we have them – to the middle class – we think will give us our biggest return.”
The 20-minute news conference also included Govs. Edward Rendell (D-Pa.) and Jim Douglas (R-Vt.).
The American Recovery and Reinvestment Act will devote $20 billion to “provide nutrition assistance to modest-income families and to lift restrictions that limit the amount of time individuals can receive food stamps,” according to a summary of the plan released last week by the House Appropriations Committee.
(Excerpt) Read more at cnsnews.com ...
“Using her “logic”, armed robbery will stimulate some personal economies even quicker.”
LOL. This woman just needs to come out everyday and pontificate. She is proving our point that democrats are morons!!
Taking from the producers - giving to the non-producers!
Welcome to Socialism!!!
WOW
ROFLMAO
We have gone Galt in our family too. Not sure how it will work though, when the ‘giants’ of industry all are lining up in DC for bail-outs, instead of taking a stand for capitalism. Very sad.
Infrastructure is code word for heavily unionized, no-show jobs ridden, wildly over budget, make work projects.
No thanks Nancy
Moron. Yes you dummie, food stamps will stimulate the economy by offering business more money to give jobs. Oh, maybe I have that backward.
Typical trickle UP economics. Which defies the laws of physics even in thought.
"Let them eat cake", proclaims our modern-day Marie-Antoinette.
Pitchforks. Torches.
Folks, this situation is about to explode.
I’m stunned.
Actually, they have not gone nuts. What they are doing is calculated, intentional, and well thought-out. The world is now run by a loose superclass of political and bureaucratic elites who have never worked an honest day in their lives.
It's the modern-day equivalent of medieval royalty, and what they are doing now is a brilliant capitalization on an intentionally-manufactured economic downtown to cement their power by making us, their peasants, ever more dependent on the crumbs they throw to to us.
Soma in Aldous Huxley’s
Brave New World
“..there is always soma, delicious soma, half a gramme for a half-holiday, a gramme for a week-end, two grammes for a trip to the gorgeous East, three for a dark eternity on the moon...”
Yeah, all those welfare leeches will infuse the economy with all those tax dollars. How does someone this stupid and ignorant about basic economics get into the position she now holds?! Unbelievable!
wow, this is a joke, right?
Obamanation full steam ahead...
“grok”
I’m not sure, but I think I’m going to steal that...
The Female Joe Biden-but without the punchline!
Please, let’s stop calling it a stimulus bill.
To use a FReeper’s quote from the other day..........
“Dumber than a box of hair.”
If this is true, why don´t we just put the whole country on welfare?
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