Nancy Pelosi has it all figured out: it’s those evil Republicans, with black shrunken hearts of stone. Why, those Repubs love it when you, the poor people, suffer. The latest foolishness to issue from Nancy’s mouth amounts to the following: we need more unemployment to boost the economy. Provide your own number of exclamation marks…
I hear Nancy Pelosi speak, and all around me I can envision a bustling service sector sprouting up, creating new jobs to serve all of the Americans who are receiving their $425/week in unemployment benefits.
Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday….
“It injects demand into the economy,” Pelosi said, arguing that when families have money to spend it keeps the economy churning. “It creates jobs faster than almost any other initiative you can name.”
If only we had higher unemployment — then we could create even more jobs!
Let’s not pick on poor Nancy alone, though. She suffers from the same problem that afflicts most liberal Democrats today. Which is to say all of the Democrat leadership and all but a few old-line Democrats. That problem is to not see government spending as taking money from one pocket to put it another. Adding zero to the economy in the process.
If you earn money by producing a good or a service, you add tot he economy. You add value. You pay taxes, or at least you will if you earn more than the current official “poverty” levels, which used to look pretty good to those of us growing up poor.
When you pay people not to work, you discourage them from finding work. When you pay people not to work, those who are working lose money to make those payments. It’s not free, people: it’s your tax dollars at work.
This is a hard lesson, but the iron rule always applies sooner or later: There ain’t no such thing as a free lunch.