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Politics : Politics for Pros- moderated

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To: Little Joe who wrote (377397)	8/9/2010 11:19:59 PM
From: Elroy	Read Replies (3) of 793954

The bottom line is no matter how you slice it, you are paying people for no production. How can that help the economy? People who receive welfare/stimulus funds spend all the money that they receive. That (obviously) helps the economy. In a nutshell, if I give $10 to someone and he spends it all, that seems better for the economy than me taking my same $10 and putting it in my bank account, where it sits in perpetuity (earning 0.35% interest per annum). There's a tipping point where that idea loses steam, but it's not a few percentage points here and there in the tax code.

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