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Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy
CNSNews ^

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 Originally enacted in 2001 and 2003, President Barack Obama and Congress renewed the cuts for all income-brackets for two years in 2010.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 ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Maryland
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To: Sub-Driver

The Democrats get to make things up as they go along. The “news media” would never criticize them.


41 posted on 07/17/2012 3:24:38 PM PDT by popdonnelly (The first priority is get Obama out of the White House.)
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To: Sub-Driver

it’s the “mass” stimulus plan.


42 posted on 07/17/2012 3:51:39 PM PDT by huldah1776
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To: Sub-Driver

What the hell’s a “steny”????


43 posted on 07/17/2012 4:04:37 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: huldah1776
To all freak -staters: please rethink reelecting asshat-moonbat fools like steny...barbara…and other pinheaded LIBs. Pretty please.
44 posted on 07/17/2012 4:11:31 PM PDT by ogen hal (First amendment or reeducation camp?)
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To: ogen hal

what?


45 posted on 07/17/2012 5:45:55 PM PDT by huldah1776
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To: Sub-Driver

Sounds like Hoyer’s been smoking doobies with Obama. Where did these people study econmics?


46 posted on 07/17/2012 5:50:36 PM PDT by RedEyeJack
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To: Sub-Driver
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.

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

47 posted on 07/17/2012 6:07:52 PM PDT by M Kehoe
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To: Sub-Driver; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ...

Let’s hear it for Stimpy Hoyer!

Maryland “Freak State” PING!


48 posted on 07/17/2012 7:06:32 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: b4its2late
Marveling at Steny and Nancy’s double digit IQ’s.

Well, that's only if 80 (borderline retarded) were something to marvel about.

49 posted on 07/17/2012 9:01:11 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Sub-Driver

Ok Steny, then what the hell is the Problem then?


50 posted on 07/18/2012 4:48:28 AM PDT by ballplayer
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To: Castigar
This completely overlooks the fact that in order to pay these you have to take the money OUT of the economy to begin with in the form of taxes!

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.

51 posted on 07/18/2012 4:54:24 AM PDT by IamConservative (Well done is better than well said. - Ben Franklin)
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To: Castigar

If more government spending was an answer, there wouldn’t be a question to begin with.


52 posted on 07/18/2012 5:03:01 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Fledermaus

Don’t forget your free cell phone. You qualify.


53 posted on 07/18/2012 5:04:30 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Sub-Driver

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?


54 posted on 07/18/2012 6:44:02 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Sub-Driver

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!)


55 posted on 07/18/2012 6:51:22 AM PDT by MarDav
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To: Tolerance Sucks Rocks

Yep, that’s my point. LOL


56 posted on 07/18/2012 7:32:22 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: csmusaret

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.


57 posted on 07/18/2012 1:52:19 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are useless and useful idiots.)
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