Posted on 07/10/2010 1:33:43 PM PDT by John Semmens
According to House Speaker Nancy Pelosi (D-Calif), persisting high rates of unemployment aren’t the bad news a lot of doomsayers contend. That is, as long as the unemployment checks keep coming. As Pelosi sees it, the spending of these checks by the unemployed is an underappreciated stimulus to the economy.
“A working person is bogged down by having to spend up to 40 hours or more per week to get paid,” Pelosi pointed out. “Freed of this encumbrance, the recipient of unemployment benefits has many more hours to aggressively spend the money he or she receives. This robust demand is what will quickly pull the economy out of the recession.”
Further, unemployment checks are even better than paychecks because “the purchasing power of paychecks is reduced by withholding taxes while unemployment checks are largely tax-free. And while a person is apt to save part of a paycheck, the recipient of unemployment, knowing that the government is looking after him, can go ahead and spend it all.”
“In an ideal world all compensation would be distributed by the government,” Pelosi envisioned. “No one would be forced to grub for money. People who wanted to work could go to work. People who didn’t wouldn’t have to. No one would have to worry that they would starve just because they don’t want to have to punch a time clock. Working toward this ideal has been my mission since I entered public service. I believe we are closer to achieving it than we ever have been.”
Ergo, Obama, we need more unemployment!....Yours truly, Pelosi.
Further, unemployment checks are even better than paychecks because “the purchasing power of paychecks is reduced by withholding taxes while unemployment checks are largely tax-free.
Egad is this woman insane? My unemploment check is half of what my paycheck was.
So, as I understand the Democratic intellect, we get rich by:
1) Raising taxes on industries and the wealthy
2) Paying people to NOT WORK, as much, or more than people who do work
3) Giving free medical treatment to anyone who can wander into a hospital, or can call an ambulance to pick them up
4) Restricting the energy consumption of our industries
5) Opening our borders to anyone with a will to cross them
6) Allow illegal aliens the right to vote, collect unemployment, food stamps, free education and refuse to enforce our own Federal Immigration laws.
And then they sit back and are perplexed and wonder why all the Democratic states are going bankrupt.
Do you have to be a retard to be a Democrat, or does it just help you get into leadership?
This woman is truly an idiot. The only thing unemployment benefits are doing is adding to the deficit.
You’re losing your touch John. What she said sounded an awful lot like your “satire”.
Enough with the personal attacks, this woman is a democrat and that's all. ; )
Unemployment is NOT tax free.
Much like giving a shot of whiskey to cure a hangover.
The Mobius strip fascinates me.
What an idiotic claim. Considering the source, however, it is to be expected, She reminds one of Saddam Hussein’s spokesman.
10 out of the first 11 ... not bad John
Well, for the people that have lost their jobs, the unemployment check is their lifeline. All $300 a week of it. Without that UI check, they would likely be homeless. Free to spend all of it? What a narrow minded comment. $1200 a month. But, for many, its a lifesaver.
“No one would have to worry that they would starve just because they don’t want to have to punch a time clock”
Just don’t be a registered Republican.
I know
This is satire.
hey Nancy. how’s your DEFENSE fund coming along?
Spending brrowed future tax dollars on Unemployment checks is just a way to pay people not to work, why not pay them to work and produce?This is a zero sum gane and she obviously is to dumb to get it.Massive Ponnzi scheme, and thats all the government ha becomme, a massive Ponzi schemeborrowing on future tax dollars doomed to disappear.
Much like giving the keys to a bar to cure a hangover...
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