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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (140367)7/6/2010 12:40:07 PM
From: Mary Cluney  Read Replies (2) | Respond to of 541482
 
<<<Stimulus to me is building something. Getting something for the people in return for the burden of higher taxes.>>>

1. Consumer spending is 70% of our economy.
2. Our debt levels are higher mainly because over 10 million people have lost their jobs.
3. Our gdp growth is down because more then 10 millon additional people and their families do not have sufficient income to offset their rent, food, and sundry discretionary spending including healthcare.

Extending unemployment insurance seems to me to be a no brainer. It alleviates some amount of pain and suffering and at the same time helps the economy with spending that have multiplier effect. It hits the economy immediately.

The argument that unemployment insurance encourages joblessness and bad behavior is troubling (makes me sick).



To: Steve Lokness who wrote (140367)7/6/2010 1:46:58 PM
From: JohnM  Respond to of 541482
 
Don't you think that virtually all the "stimulus" money going to States ends up in safety net stuff?

Haven't seen any nation wide data but I do know that more than a few local public schools, my own included, received state money which was billed as a result of "stimulus" money, which was used to keep teachers working. If that's true in any sizable amounts in other states, it aggregates into some pretty serious economic demand that would have been lost.


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