The word "welfare" is in the Constitution and means
Welfare welfare n. 1. health, happiness, or prosperity; well-being.
Interpret it as you wish.
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Although I have no doubt that food stamps are abused by some people, there are studies that show that the majority of people collecting them are families with children, the disabled and the elderly. I used to shop for an elder woman who received food stamps because she couldn't leave the house, so maybe IBD, that man you saw was doing the same, maybe not.
I used to use her food stamps and also contribute to the bill and buy her better foods not on the list she gave me.
There is evidence to support that adding additional food stamp aide would add stimulus to the economy....
CBO: The Congressional Budget Office (CBO) has rated a temporary increase in food stamp benefits highly for cost-effectiveness, short lag time, and relative certainty about the policy impact. See “Options for Responding to Short-Term Economic Weakness,” CBO (January 2008).
USDA Research : Based on USDA analysis, it is estimated that each $5 of federal food stamp benefits generates nearly twice that in economic activity. See USDA research.
Feldstein: “Liberal economists say boosting food stamps is one of the most efficient ways of pumping money into the economy, an idea surprisingly embraced by GOP economist Martin Feldstein at a Brookings Institution forum on Thursday.” See “Dems Eye Tax Rebates, Fatter Benefits,” by Andrew Taylor, AP, 1/11/08.
Summers: On January 16th, former Treasury Secretary Lawrence Summers told the Joint Economic Committee, “On the spending side the measures most likely to be effective are temporary increases in benefits perhaps for the long term unemployed and food stamp recipients.” See his testimony.
Brookings Economists: “Increase in food stamps: Advocates of the proposal, including Brookings Institution economists, say giving food stamp recipients 20 percent more aid for six months could be administered easily and quickly, and would be targeted at families most vulnerable to a recession.” See “Options for Jumpstarting the Economy,” by Heidi Glenn, column accompanying “Economists Examine Stimulus Options,” by Jim Zarroli, NPR, 1/10/08.
Bernanke: In response to strong statements and questioning from Representative Jim McGovern (D-MA),“Federal Reserve Chairman Ben Bernanke said on Thursday that helping those with low and moderate income could stimulate the economy. ‘There is good evidence that cash that goes to low and moderate income people is more likely to be spent in the near term,’
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As far as the increase in FNMA and Freddie Mac loan limits, it's still yet to be seen how they will price the "jumbo" loans, so I wouldn't get too excited yet. My suspician is that it will just perhaps give a psychological boost to the credit markets, but they will most likely price in the risk.
Welfare welfare n. 1. health, happiness, or prosperity; well-being.
Interpret it as you wish.
_______________________________________________________________
Although I have no doubt that food stamps are abused by some people, there are studies that show that the majority of people collecting them are families with children, the disabled and the elderly. I used to shop for an elder woman who received food stamps because she couldn't leave the house, so maybe IBD, that man you saw was doing the same, maybe not.
I used to use her food stamps and also contribute to the bill and buy her better foods not on the list she gave me.
There is evidence to support that adding additional food stamp aide would add stimulus to the economy....
CBO: The Congressional Budget Office (CBO) has rated a temporary increase in food stamp benefits highly for cost-effectiveness, short lag time, and relative certainty about the policy impact. See “Options for Responding to Short-Term Economic Weakness,” CBO (January 2008).
USDA Research : Based on USDA analysis, it is estimated that each $5 of federal food stamp benefits generates nearly twice that in economic activity. See USDA research.
Feldstein: “Liberal economists say boosting food stamps is one of the most efficient ways of pumping money into the economy, an idea surprisingly embraced by GOP economist Martin Feldstein at a Brookings Institution forum on Thursday.” See “Dems Eye Tax Rebates, Fatter Benefits,” by Andrew Taylor, AP, 1/11/08.
Summers: On January 16th, former Treasury Secretary Lawrence Summers told the Joint Economic Committee, “On the spending side the measures most likely to be effective are temporary increases in benefits perhaps for the long term unemployed and food stamp recipients.” See his testimony.
Brookings Economists: “Increase in food stamps: Advocates of the proposal, including Brookings Institution economists, say giving food stamp recipients 20 percent more aid for six months could be administered easily and quickly, and would be targeted at families most vulnerable to a recession.” See “Options for Jumpstarting the Economy,” by Heidi Glenn, column accompanying “Economists Examine Stimulus Options,” by Jim Zarroli, NPR, 1/10/08.
Bernanke: In response to strong statements and questioning from Representative Jim McGovern (D-MA),“Federal Reserve Chairman Ben Bernanke said on Thursday that helping those with low and moderate income could stimulate the economy. ‘There is good evidence that cash that goes to low and moderate income people is more likely to be spent in the near term,’
________________________________________________________________
As far as the increase in FNMA and Freddie Mac loan limits, it's still yet to be seen how they will price the "jumbo" loans, so I wouldn't get too excited yet. My suspician is that it will just perhaps give a psychological boost to the credit markets, but they will most likely price in the risk.
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. this hand out will do little or nothing for the economy and is short term thinking at its very best, IMO. thanks again Dubya! you rock! :roll: (congress too!)
I almost could not read this. Maybe I can go and buy some reading glasses with my $$.....
