View Poll Results: Do you believe Pelosi about Foodstamps and Unemployment?

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  • Pelosi is 100% correct

    8 22.22%
  • Pelosi is playing politics

    5 13.89%
  • Pelosi is 100% incorrect

    8 22.22%
  • Pelosi should go play in a mine field

    13 36.11%
  • Rutabaga

    2 5.56%
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Thread: Your view: Food Stamps and Unemployment

  1. #51
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by digsbe View Post
    I can see how it would help the economy though. Even though people on welfare and food stamps receive money from the government, that money still gets spent into the economy by using that money to purchase needs. The money comes from the government, goes to a recipient, and then goes to businesses because the recipient makes purchases they wouldn't be able to make otherwise.
    the problem being that that money was taken from the economy in the first place. so it's like me taking $1,000 from your savings account, taking a 25% cut (to represent running that money through the bureacracy), depositing the rest into your checkings account; and claiming that i've made you $750 richer.

  2. #52
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Your Star View Post
    The government, and the government spending can affect demand.
    okay. where did the government get the money?

  3. #53
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    1. you don't actually help the economy by artificially pumping up demand. that's like saying you're getting into better shape by taking speed. yes, in the next extremely short burst of time you might be stronger; (though due to crowding out effect i tend to doubt even that part of the model carries over) but you are only continuing to degrade the body.

    2. that is still the argument. that 'demand' that they claim for food stamps is food. that they claim for unemployment is things like heating, housing, necessities.

    3. it still represents less than optimal allocation of capital, it's like trying to solve an addiction through hair-of-the-dog.
    It is a temporary solution to help the economy/people back on their feet.

  4. #54
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    Re: Your view: Food Stamps and Unemployment

    An interesting point I would like to make is that government spending helped us get out of the Great Depression when America spent money on WWII. Spending money on the war boosted the economy because that money went into businesses and put people to work. I do think welfare and food stamps helps the economy and places more money into the hands of businesses.
    Last edited by digsbe; 12-04-10 at 01:09 AM.
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  5. #55
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    okay. where did the government get the money?
    It's called deficit spending.

  6. #56
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Lord Tammerlain View Post
    Capital comes from savings, you do not need the wealthy to access capital. A healthy middle class that does save a portion of their income can provide as much if not more capital then the wealthy, They can also have a far higher demand for the goods and services that thier capital could allow for the production off. The last 30 years of supply side economics has actually pushed demand to too high a level at all levels (private, corportate and government). Supply side economics has pushed demand foward ( hence low or negative savings rates) at the expense of savings for the middle class. As a result wealth has been transfered from the middle class to the upper class. Now as the middle class can not demand as much (no money) the need for production is lower, leading to economic slowdowns.
    especially in the context of this debate, that claim is friggin hilarious.


    yeah, and Hayek supported the labor theory of value
    Last edited by cpwill; 12-04-10 at 01:09 AM.

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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by cpwill View Post
    the problem being that that money was taken from the economy in the first place. so it's like me taking $1,000 from your savings account, taking a 25% cut (to represent running that money through the bureacracy), depositing the rest into your checkings account; and claiming that i've made you $750 richer.
    China's economy. It comes from China's economy.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  8. #58
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Your Star View Post
    It's called deficit spending.
    that is correct; they borrowed the money. now. where did they get the money that they borrowed.

  9. #59
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    Re: Your view: Food Stamps and Unemployment

    It's called Keynesian economics - Wikipedia, the free encyclopedia you should look into it.
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  10. #60
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by American View Post
    No one is surprised that you don't know that we have a record of people on food stamps.
    If this were true then the welfare office in my town would not have been closed. People now have to travel to the next decent sized town 30 miles away in order to get help from welfare. And before you ask they specifically said that they were closing down the welfare office because there was not enough people in this town recieving welfare to justify keeping it open. Mind you the population in this town is about 5.5k, just inside the town limits. That does not count all the people that live outside of the town in the whole county (which is roughly another 5k worth of people). My folks have to travel 110 miles just to go talk to the welfare office about thier SSI.
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