Unemployment insurance... this is one of the biggest stimuluses [sic] to our economy. Economists will tell you, this money is spent quickly, it injects demand into the economy, and is job creating. It creates jobs faster than almost any other initiative you can name, because it is money needed for families to survive and it is spent, so it is has a double benefit. It helps those who have lost their job but it is also a job creator...Wow! Really? So the government can pay money to the unemployed and create jobs?! If this is true, shouldn't all working Americans quit their jobs, collect unemployment, and thereby create jobs? Would this not create a "double benefit", that is, they could all survive by spending the money, but, at the same time, create jobs?
Let me get my simple mind straight. Say that Joe makes $10 working and Steve does nothing. Now, the government taxes away Joe's $10 and gives it to Steve. Steve certainly spends the $10, and that's good for those receiving the $10. But, what about Joe? He had his $10 taken from him, so he can not spend $10. What about the people that would have received $10 from Joe? In total, how does this do anything other than transfer wealth from one group to another?
I'm sure someone in the mainstream media will pester Madame with this dim-witted query, and I will soon be relieved of my ignorance. Nancy? Nancy?