Dem Congressman: Providing Food Stamps and Unemployment Benefits Two ‘Most Stimulative’ Things for U.S. Economy
- Posted on July 18, 2012 at 4:26pm by
Jason Howerton
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House Minority Whip Rep. Steny Hoyer, D-Md. (AP Photo/Evan Vucci)
House Minority Whip Steny Hoyer (D-Md.) told reporters on Tuesday that the two most “stimulative” things the government can do is provide food stamps and unemployment insurance, CNSNews.com reports.
Well if that’s the case, the economy should be thoroughly “stimulated.” A report released by the Congressional Budget Office (CBO) last month states that there are now roughly 45 million Americans receiving food stamps. That’s one in every seven people.
Further, government spending on food stamps, also known as the Supplemental Nutrition Assistance Program (SNAP), increased by 65 percent between 2007 and 2011. It’s frustrating — we should be more stimulated by now. Instead, the U.S. remains in one of the slowest so-called economic recoveries arguably in American history.
Hoyer was apparently asked by a reporter on Tuesday whether Democrats in Congress were reconsidering the “wisdom” of allowing the Bush tax cuts to expire for the country’s most wealthy at the end of 2012 instead of extending the tax breaks to Americans of all income-brackets.
“I haven’t talked to any who are of that mind,” Hoyer said. “If you talk to economists, they will tell you there are two things that are the most stimulative that you can do — one’s unemployment insurance, the other’s food stamps, okay?”
“Why is that?” he asked. ”Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”
The Bush tax cuts are set to expire on the first day of 2013 unless Congress acts. Meanwhile, a battle is brewing on Capitol Hill as Obama and Democrats only want people making less than $250,000 to keep the Bush tax cuts while Republicans want the rates extended for everyone.
According to CBO projections, allowing the Bush tax cuts to expire on Jan. 1, 2013 would result in a 1.3 percent contraction in GDP when coupled with looming defense cuts.
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Comments (158)
greg4fitness
Posted on July 18, 2012 at 4:59pmyea and as a car salesman… I bought another car from myself just so I’d have a bigger commission check. Hoyer and anyone like him needs to exit our government as fast as possible.
Report Post »Detroit paperboy
Posted on July 18, 2012 at 5:18pmSmokin crack, drinking malt liquor on the porch all day, makin babies, and lifelong welfare…….the new American dream…….sickening.
Report Post »PATTY HENRY
Posted on July 18, 2012 at 5:22pmGOOD GRIEF!!! The Dems are card-carrying nuts.
Report Post »Ben__Franklin
Posted on July 18, 2012 at 5:32pmThats rich Hoyer. Are all Democrats this stupid? Its the same thing Nazi Pelosi said a couple years ago and look how stimulated the economy is since then? I know what the problem is, Obama and his crony minions just have not spent enough…..we need to give him four more years for his policies to work. In the mean time, ALL of us need to go on welfare, unemployment, and Food Stamps so we can get America back on her feet and 100% fully stimulated. Thats the ticket folks – just ask a Liberal…../rollseyes…..
MadeintheUSA2
Posted on July 18, 2012 at 5:33pmOMG! Another P.O.S on the loose! Is America sick of this $hit yet? Liar, you F’ng liar, your pants are on fire!!! WE ARE SICK OF YOU AND OF YOUR PROGRESSIVE/COMMIE/LYING BUDDIES!! I have a feeling, deep in my gut, that we ARE gonna loose in November! MY FAITH IN THE AMERICAN PEOPLE IS GONE! Romney is too “McCain like” and not getting tough! WE NEED TOUGH, NOT A PANSY-A$$ CANDIDATE WHO WILL PICK A PANSY-A$$ VP! DAMN THE PROGRESSIVELY TAUGHT AND RAN GOP ESTABLISHMENT! –Time to get off this site for a bit–it is making me cranky and harshing my mellow!
Report Post »Bluebonnet
Posted on July 18, 2012 at 5:34pmAlways knew that guy was dumb as bricks. Whata piece of crapola.
Report Post »AvengerK
Posted on July 18, 2012 at 5:58pmSo taking Wile E Hoyer- Super Genius at his word…then the cities in this country with the highest populations using food stamps are the ones hiring and thriving..yes? Sound of crickets chirping….
Anyone? Bueller?
Report Post »turkey13
Posted on July 18, 2012 at 6:33pmDid he just walk out of a the Hole In The Wall Bar. Food stamps are just the incentive for that Ring in the nose that the Dems. have been using for 45 Yrs to lead the blacks around. Smart people know that the real money to stimulate the economy came form Wall St and Big Banks bailout. Year end bonus for the top dogs was as high as 5 $ million and the average was a $ Million.these people went out and bought those 550 H.P. Shelbys Mustangs and BMW’s.This was to the tune of 3/4 Trillion bucks.
“Nothing is easier than spending public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it to somebody.” – Calvin Coolidge
Report Post »NHwinter
Posted on July 18, 2012 at 7:55pmAre these people suppose to be intelligent??? Do they really think we are that stupid?
Report Post »Gold Coin & Economic News
Posted on July 18, 2012 at 8:07pmMan, I can‘t believe these people are in charge of the economy when they don’t have a clue on even basic economics:
Report Post »http://www.youtube.com/watch?v=sOKcdOI25ig
NOT-A-MUSHROOM
Posted on July 18, 2012 at 8:07pmHey it’s good for them as the money from the right pocket is switched to the left pocket no one is counting the change that falls thru the cracks (um I mean their pockets).
Report Post »Patriot of My America
Posted on July 18, 2012 at 8:22pmsteny whoyer is needing to meet dr kevorkian. asap….. his is deathly ill….mentally that is….
Report Post »dmerwin
Posted on July 18, 2012 at 10:40pmSteny now qualifies as the most stupid or deceitful ideologue in the democratic arsenal. How does taking money from taxpayers to give people an option to not seek employment really help the economy? Think about it Steny, IF THOSE recipients were working there would be less outflow from the federal coffers and more TAX money coming in. Economy 101; money in, good. Money out, not so good.
Report Post »db321
Posted on July 19, 2012 at 12:09amKnowing that I can always count on Food Stamps makes me get up a 5am to get to work by 6:30 and go until 8 or 9 at night, 6 days a week. It makes me risk my capital, stay away from my family and makes me pull my hair out trying to guess what new regulations is coming next. All this so I can chase the American dream and listen to an absolute idiot stand up and tell the World I did no build it. Scr*w you Obama!
Report Post »Bum thrower
Posted on July 19, 2012 at 9:26am“Stealey” Stenny Hoyer; the new Eco Grugru…..what a jerk; the ‘Progressives’ get their day in the sun and wouldn’t you know all we get is rain………..show these idiots the door.
Report Post »G-WHIZ
Posted on July 19, 2012 at 1:56pmSo, stealing more of the tax$$ from the only 51% who pay taxes to give it tothe 49% in foodstamps for “free” is a “gain”?? It’s called prizon-time for ALL who participated in this scam..including,FIRST the congress(D) and THE-ONE+cohorts who signed it into unconstitutional-law! This includes all who gave-in to earmarks-for-votes-scam!
Report Post »GERATMO
Posted on July 18, 2012 at 4:58pmThats like saying borrowing money from my mom so I can pay her bills helps her financially. These people need to go.
Report Post »Gonzo
Posted on July 18, 2012 at 5:30pmElected officials are a reflection of the people they represent and these guys get elected term after term. Doesn’t paint a rosey picture for our future, does it? A country of imbeciles is doomed to failure.
Report Post »Bluebonnet
Posted on July 18, 2012 at 5:35pmJust look at the people who vote for these dunces. That answers the question.
Report Post »dacorvi
Posted on July 18, 2012 at 4:58pmAny intelligent person knows that you can’t tax one group of people to pay off another group. But of course, that is the mantra of Obama and his blind flock.
Report Post »radinsocal
Posted on July 19, 2012 at 7:07amCan you say Ponzi scheme?
Report Post »dacorvi
Posted on July 18, 2012 at 4:54pmOur economy will never recover as long as democrats rule. They are the stupidest people on planet earth. Their policies have always failed. Time and again, yet they never learn. It is because they want to ultimately turn America into a socialist country. They believe that is the best way to consolidate power unto themselves. And that is the most important thing in life to them. What is worse is how many people follow them blindly. They are even more stupid! Blind morons for Obama, yea!!
Report Post »DAS_NIETZSCHEAN
Posted on July 18, 2012 at 5:16pmYep “most stupid people on earth”
you ever wonder how they get their information……. lets do this with me…kk
if you go to mediamatters: http://mediamatters.org/research/2012/02/24/conservative-media-still-deny-fact-that-unemplo/185643
you will see that NPR uses the propaganda from media matters then they re-quote NPR and themselves( as follows) CBO, 1/14/10, via Media Matters
“Blinder: “Extending Unemployment Benefits Is One Of The Best Forms Of Stimulus We Know.” On July 2, 2010, NPR reported that Alan Blinder, former vice chairman of the Federal Reserve and Clinton economic adviser, “supports the effort to extend expiring unemployment benefits.” NPR quoted Blinder as saying: “Extending unemployment benefits is one of the best forms of stimulus we know.” [NPR, 7/2/10, via Media Matters]”
so, If I state barack hussein obummer RAP3S liitle boys in the white house on Thursday afternoons at 3pm…. and get my friend at fox news to state that too. then it becomes a reliable source and quite true……. so…. what do you have to say Mr. President?
Report Post »COFemale
Posted on July 18, 2012 at 4:54pmOnly in Liberal logic could getting taxpayer dollars and recipients spending food stamps to buy foods and goods or getting unemployment money on goods equates to “good for the economy”. While millions remain unemployed wanting to make their own way?
Hey dipS____T how about I get to keep that money in my pocket so I can buy goods and services instead of some deadbeat non-working bloodsucker sucking on the teat of the government.
Report Post »Chromo200
Posted on July 18, 2012 at 8:39pmvery good point ..
Report Post »garbagecanlogic
Posted on July 18, 2012 at 4:54pmWhy does this guy look like he just crawled out of a casket at midnight?
Praise Be To Obama. Psalm 109:8
The U.S. Out Of The U.N.
Report Post »The U.N. Out Of The U.S.
blackbean
Posted on July 18, 2012 at 4:53pmThis dummy is one among too many of our “leaders” (pun intended) that have gotten this country into the shape it is! Why go to work! Live off someone else and take it easy as long as you can. Too bad he is not in my voting district to send him to the unemployment line!
Report Post »jas0707
Posted on July 18, 2012 at 4:49pmLeftists really are destroying this Nation.
Report Post »christianforisrael
Posted on July 18, 2012 at 4:47pmThe sad thing is his voters are stupid enough to believe this drivel! Maryland is gone and will never wake up!
Report Post »RJJinGadsden
Posted on July 18, 2012 at 4:56pmHe represents the Maryland 5th District which includes a large area adjacent to the SE of DC. He’s right in the middle of the insanity.
Report Post »MODEL82A1
Posted on July 18, 2012 at 4:44pmSo, by this. “logic” just send an EBT card and an unemployment check to every person in America. Problem solved, economy fixed.
Report Post »DEMOCRATS.ARE.EVIL
Posted on July 18, 2012 at 4:42pmHe’s a Democrat. This is what they think. Armies of unemployed in line waiting for crumbs. Dependent upon them for their daily sustenance. With FDR it was ration coupons, with today‘s Democrat it’s food stamps. They’re evil. We need to eradicate them.
Report Post »Too_Far_Gone
Posted on July 18, 2012 at 4:42pmPure genious !
Clown ..
Report Post »AvengerK
Posted on July 18, 2012 at 4:53pmWile E Hoyer…Super Genius.
Report Post »pissantno.10
Posted on July 18, 2012 at 5:31pmyes all libs are super genius just ask one
Report Post »Mutiny
Posted on July 18, 2012 at 4:42pmWell if those people had jobs they would be buying their own food and paying for things not with unemployment checks.
In a way it is helping the economy stay where it is, but in the end we go bankrupt and its all over.
Report Post »justangry
Posted on July 18, 2012 at 5:25pmExcept they’re printing money to pay for it and keeping interest rates low causing inflation, so the people that are productive are tightening their budgets to make ends meet and not spending money on Chinese crap which today’s economists thinks helps our country somehow. I don’t know, I’m having a hard time sorting it all out. Something in my gut is telling me it just isn’t right.
Report Post »Mutiny
Posted on July 18, 2012 at 8:31pmOh it isnt right at all. Its horrible. I think this was the plan all along to bankrupt us. Food keeps the masses on their side and helps buy votes to get their agenda passed.
Report Post »RLTW
Posted on July 18, 2012 at 4:42pmAnd the people that feed off those programs generation after generation never think to ask who is really paying for this benefit. Progressives want to be in control of balancing accounts so they can maintain social authority and power.
Report Post »JustMel71
Posted on July 18, 2012 at 4:41pmHarry Reid just gave away his party’s playbook on the senate floor?
http://www.weeklystandard.com/blogs/harry-reid-we-do-what-we-can-protect-president-united-states_648717.html
Harry Reid also promises filibuster reform if dems win the election.
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/07/17/harry-reid-promises-filibuster-reform-if-dems-win-the-election/
Report Post »HKS
Posted on July 18, 2012 at 4:41pmAlllllll Righttttttttttttt, keep them dogs in the dog house. In face put some more in that house. Now we own ya.
Report Post »TwoLazy
Posted on July 18, 2012 at 4:40pmJust another in a long series of Excederin Headaches ….. with logic like this we should all be living in 2 million dollar homes and drive a Mercedes. “Look Ma, what the nice man in Washington did for me… but I gotta eat broccoli”
Report Post »SREGN
Posted on July 18, 2012 at 4:39pmEconomic Nincompoop.
Report Post »PATRIOT
Posted on July 18, 2012 at 4:35pmThe only truly and efficient way to combat poverty is a job.
Report Post »South Philly Boy
Posted on July 18, 2012 at 4:34pmTotally DUMB
Report Post »NealPatrick
Posted on July 18, 2012 at 4:34pm“Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt.” — So why don’t you just take my tax money, head to Best Buy, purchase some flat screen TVs and put them out on the curb? Why bother with middle man?
Report Post »RJJinGadsden
Posted on July 18, 2012 at 4:44pmActually that is a better idea. I recall reading an article back during Clinton’s first team. that of every dollar that goes into the entitlement and benefit programs, only $0.33 made it to the recipient. I often wonder what it’s down to these days.
Report Post »JAMACAMECRAZYMAN
Posted on July 18, 2012 at 4:33pmIdiot………….
Report Post »Popp40
Posted on July 18, 2012 at 4:41pmIdiot is to kind of a word for this man…..he is a straight up dumb@ss! And anyone who believes this is in the same boat as him….the problem is he is in a position of power. We can no longer wait until elections to get politicians like this out of office. There needs to be a way to fire these guys on the spot and take away their nice little retirement package that they have after they leave office.
Report Post »dblaess
Posted on July 18, 2012 at 5:19pm@JRook
Report Post »Posted on July 18, 2012 at 4:40pm
I’ll give you this. The only thing more ridiculous than listening to ANY member of Congress speaking about the economy is to give any validity to a report on here regarding the economy and even worse the comments.
————————————————————————————————
You are correct. Listening to members of Congress (House and Senate) can be very frustrating, especially the President as all these people are so out of touch with the rest of us. If as president Obama said no one is successful at creating business or jobs without the government, then why has all this welfare not created a boom economy. Why has government not created jobs. I believe president Obama has let the GM stock go low and not created jobs because this is part of some program he has to transform America.
cdb
Posted on July 18, 2012 at 4:32pmIn order to think like this person, only two things are required. Stupidity, and being a Democrat.
Report Post »TSUNAMI-22
Posted on July 18, 2012 at 4:39pmAlthough I agree, I’d like to add that “ignorance” is what led to both of those in the first place.
Report Post »JRook
Posted on July 18, 2012 at 4:40pmI’ll give you this. The only thing more ridiculous than listening to ANY member of Congress speaking about the economy is to give any validity to a report on here regarding the economy and even worse the comments.
Report Post »RJJinGadsden
Posted on July 18, 2012 at 4:51pmJROOK, Such as your posts.
Report Post »AvengerK
Posted on July 18, 2012 at 4:53pmSpeaking of worthless…there’s a comment from JROOK.
Report Post »Chromo200
Posted on July 18, 2012 at 8:41pmyou can be republican RINO too ..
Report Post »Silversmith
Posted on July 18, 2012 at 4:30pmHow high is this guy? Food Stamps and Unemployment insurance are DISincentives to working for a living. Anyone who is honest and been on either of these programs would agree.
Silversmith
Report Post »RJJinGadsden
Posted on July 18, 2012 at 4:40pmApparently Pelosi has handed off the ball to Hoyer and he is trying to stumble across the line of scrimmage. Okay, that would sound better in a few weeks.
Report Post »http://www.youtube.com/watch?v=C_Kh7nLplWo
nappy
Posted on July 18, 2012 at 4:30pmthat guy is brilliant.
Report Post »