Posted on 07/17/2012 1:27:46 PM PDT by Sub-Driver
Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy By Elizabeth Harrington July 17, 2012
(CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two "most stimulative" t things you can do for the economy.
During a pen and pad briefing with reporters on Capitol Hill, Hoyer was asked if any Democrats are “reconsidering the wisdom” of letting the Bush tax cuts expire at year’s end for the top income earners given the still struggling U.S. economy.
"I haven’t talked to any who are of that mind," said Hoyer. "If you talk to economists, they will tell you there are two things that are the most stimulative that you can do -- one’s unemployment insurance, the other’s food stamps, okay?”
“Why is that?” he said. “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”
Unless action is taken by Congress, the Bush tax cuts will expire on Jan. 1, 2013. Originally enacted in 2001 and 2003, President Barack Obama and Congress renewed the cuts for all income-brackets for two years in 2010.
Obama and the Democrats are now proposing that the rates be extended for one more year, until the end of 2013, for people earning less than $250,000 a year, while Republicans want the rates extended for people in all income brackets.
(Excerpt) Read more at cnsnews.com ...
The Democrats get to make things up as they go along. The “news media” would never criticize them.
it’s the “mass” stimulus plan.
What the hell’s a “steny”????
what?
Sounds like Hoyer’s been smoking doobies with Obama. Where did these people study econmics?
The only word I can think of is, "delusional."
Steny, let me help you here (if it's not a psychiatrist you need). Steny, the economy is not a zero sum game. There is not just a one sized pie. When, for example, someone invents something like a product or service, the economy grows. That's how the pie grows, and that's how individual wealth grows. And here's another tid bit for you Steny, that's how the tax base, and hence revenues to the government grows.
Steny, that little economic lesson cost fifty bucks. You can easily find out where to send it.
5.56mm
Let’s hear it for Stimpy Hoyer!
Maryland “Freak State” PING!
Well, that's only if 80 (borderline retarded) were something to marvel about.
Ok Steny, then what the hell is the Problem then?
It also overlooks the fact that what really drives the economy is the creation of value.
It is really disheartening to think we are a nation led by 537 idiots just like this.
If more government spending was an answer, there wouldn’t be a question to begin with.
Don’t forget your free cell phone. You qualify.
I think any Democrat in Congress who believes this should be paid in food stamps instead of salary. Wouldn’t you love to see Hoyer standing in line with a roll of food stamps to pay for his potato chips?
Where is the Republican ad using this:
“Food Stamps, Unemployment Insurance 2 ‘Most Stimulative’ Things for Economy” - Come dream with us! Come build with us!
(Paid for by the Re-elect President Obama campaign and the American tax-payer!)
Yep, that’s my point. LOL
Dang, I forgot. Thanks! lol
On a serious note, I told my wife that we should get a divorce and I’d get MORE “free” stuff.
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