February 04, 2009
A New Hunt for the Nuge
Ted Nugent is hunting a new animal these days, The Porkasaurus!
I'm on the track of one, a bigger more dangerous critter than I've ever hunted before: the Obama-Pelosi Porkosaurus.Click over and read the rest. Uncle Ted has some interesting ideas about stalking the beast and starving it to death.The Porkosaurus is plenty dangerous by itself. It subsidizes unemployment by increasing unemployment benefits. And, as the man said, when you subsidize something you get more of it. It doesn't spend anything -- not one thin dime -- on the one thing that economists say is guaranteed to stimulate the economy, defense spending. And its whole purpose is to feed Fedzilla and make it grow even bigger, swallowing our economy whole.
If you've never read Ted before, you're in for a treat.
Posted by caltechgirl at February 4, 2009 08:24 AM | TrackBackhow exactly is defense spending "guaranteed to stimulate the economy"?
and I'm sorry, but unemployment benefits can stimulate the economy. If the unemployed don't get benefits, they have no money to spend. If they get benefits, they have money to spend, this money, in turn gets spent buying things, which means production of more things, transportation of more things, and the sale of more things - all of which mean jobs. More jobs means fewer people needing unemployment. But in the here and now, with unemployment close to double what it has been for the last 16 years, unemployment benefits aren't a bad thing.
Posted by: KG at February 4, 2009 09:28 AMBut yeah, I'm with KG on the defense spending part. It's not a stimulus for the economy.
I don't think the unemployment benefits are much of a stimulus either, though. Maybe some but not a lot. The problem is that expanded benefits have to be paid from tax money which also could have stimulated the economy had it remained in private hands instead of being filtered through an expensive bureaucracy. I'm all for cushioning the blow from job loss but there are limits to how much we can and should expand benefits.
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