They're already trying to create excuses for when this piece of junk legislation fails. "Boo Hoo Hoo, if only it had been more!"
GinaMaria
Aren't food stamps one of the fastest acting methods to stimulate an economy?
Oddly enough, one of them put up some graph they claimed was CBO numbers that said for every $1 spent by a food stamp recipient that it generated $1.73 back into the economy. It was listed along with stats that said whenever you kept a dollar rather than the gov't taking it in tax, you would only spend something like $.50 of that dollar.
I'd have to go to the CBO and read about that chart and what it really represented. Some DUmmie was saying that a food stamp dollar bought a grocery product which in turn was used to buy from a wholesaler who in turn used it buy product from distribution houses, etc... But, that could be said about any $1 spent, so that was a worthless point. The only minor point that could be made is that if the gov't gave you $1 you might be more likely to go out and blow it than if you had to earn the $1. But the stat itself, given how it was presented by the DUmmies, doesn't add up. If the gov't gives you $1, it's not going to earn enough in the market to pay back the dollar and then some in short time. If that were the case, the gov't should just print up gobs of cash and hand out everyone $1M so it could get back from everyone the $1M plus. A $1 earned is much more likely to add to the tax coffers.
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