Quote:
Originally Posted by Adak
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Frankly, I don't believe there's a ghost of a chance of working with the likes
of Nancy "food stamps are a great stimulus to the economy" Pelosi, ...<snip>
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I realize Pelosi drives some people nuts... maybe that's just her job
... or maybe she's the scorpion ... it's her nature, and she just cain't hep it.
In any case, Adak, you've used the epithet several times now,
so I assume you believe Pelosi's remark is not true.
But before getting too gleeful in your assumptions, there is this:
Wikipedia:
Quote:
The Supplemental Nutrition Assistance Program (SNAP),[1] formerly and still popularly known as
the Food Stamp program, provides financial assistance for purchasing food
to low- and no-income people living in the U.S.<snip>
According to Keynesian economic theory, like other forms of government spending,
SNAP, by putting money into people's hands, increases aggregate demand and stimulates the economy.
In congressional testimony given in July 2008, Mark Zandi, chief economist for Moody's Economy.com,
provided estimates of the one-year fiscal multiplier effect for several fiscal policy options, and found that
a temporary increase in SNAP was the most effective, with an estimated multiplier of 1.73.[39]
In 2011, Secretary of Agriculture Tom Vilsack gave a slightly higher estimate:
"Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity."[40]
Vilsack's estimate was based on a 2002 George W. Bush-era USDA study which found that
"Ultimately, the additional $5 billion of FSP (Food Stamp Program) expenditures triggered
an increase in total economic activity (production, sales, and value of shipments)
of $9.2 billion and an increase in jobs of 82,100," or $1.84 stimulus for every dollar spent.[41]
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