Originally Posted by ttms91xj
let me start out by saying i'm young (23), and follow politics more closely than many my age. while i think tax cuts are a good idea, i don't exactly agree with what the new tax rebate plan the house has put out.
now that the senate is working on their proposal, let me ask this: why is it that senate
and select economist say that extending unemployment and food stamps will more directly inject the economy with money faster than these tax rebates??? am i the only person that thinks this is ass backwards???
Because people that don't have a lot of money spend what they have.
If you give an unemployed person extra cash, the person typically spends it all. (note the word TypicallY). Albeit on rent and groceries, but spends it anyway. When the economy is in a decline, the govt. historically extends unemployment payments. I would assume the same is true with food stamps.