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 years end for the top income earners given the still struggling U.S. economy.
"I havent 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 -- ones unemployment insurance, the others food stamps, okay?
Why is that? he said. Because those folks who receive those resources must spend them. And theyll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that thats 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 Originally enacted in 2001 and 2003, President Barack Obama and Congress renewed the cuts for all income-brackets for two years in 2010.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 ...
Yeah, saw that and just had to pay it forward...
Hoyer: Food Stamps, Unemployment Insurance 2 ‘Most Stimulative’ Things for Economy = Big lie. Where is the growth? duh
Thin cover for the Dems huge spending spree.
If you talk to economists, they will tell you there are two things that are the most stimulative that you can do ones unemployment insurance, the others food stamps, okay?
####
Not even CLOSE to “okay” you Magnificent Obtuse Parasitic Dumbass.
Your “economists” are simply fiscally ignorant propagandists for the dead end collectivist economy.
Give them tenure, titled poistions in the Politburo and shiny socialist prizes, and they’ll repeat their surreal economic garbage, ad nauseum.
Go for it, never thought of that but it would make a great one.
How can the economy improve when liberals are putting all the satirists out of work?
Malt liquor and potato chips are stimulative?
When added together, I think you forgot to say.
So we would have a robust economy if everyone was on unemployment and food stamps...
...Throw away your Economics text books, common sense, and our constitution and join the communist-democrat party.
Amazing isn’t it?
This is exactly why this country is in so much trouble...we are being governed by absolute morons. Sigh...
This is a recycled Nancy Pelosi speech from about 18 months ago
And that’s where the nation is July 17 2012.
Sad.
Truly sad what we now consider stimulating the economy.
Since Maryland sent Nancy (D'Alesandro) Pelosi out West to Eff them up, did they send Steny East to flush MD down the toilet? I'm very suspicious.
With a name like Steny....what an asshat. The man has no brain and proves it on a regular basis.
No.
We've been circling the drain for quite a few years. I'm getting tired of treading "water".
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.