Ravenwood - 01/06/03 07:01 PM
Can someone please explain to me how extending unemployment benefits for another 6 months puts people back to work?
"The first objective by far is to put people back to work," claims Assistant Minority Leader John Spratt of North Carolina. He was commenting on the Democratic 'stimulus' package that is little more than a $300 rebate and an extension of unemployment benefits for another 6 months. That would bring the total unemployment compensation to 18 months for some people.
Meanwhile, they are blasting the not yet unveiled Bush plan that includes eliminating the double taxation on dividends. "The Democratic plan stimulates, the president's plan procrastinates," said Rep. Bob Menendez a New Jersey Democrat. "Our plan helps Americans of all walks of life." He went on to claim that the Democrats' plan addresses the general population, not just those who invest in the stock market and the upper class.
The democrats are either lying, or they know nothing about economics. When people are allowed to keep more of their own money, who cares what they do with it? In fact, aside from burning it or stuffing it in a matress, any thing that is done with the money will stimulate the economy. Even if they simply put it in the bank, that money is used by the bank for investment or loans. They don't sit on the money, or lock it in a secret room somewhere.
Still that won't stop the socialist from pushing for more vote buying.
The least productive thing anyone can do with his money is to let the government spend it on what they think is important.
Posted by: Robert Speirs at January 7, 2003 9:43 AM(c) Ravenwood and Associates, 1990 - 2014