CBO: extending unemployment benefits creates 19,000 jobs per billion dollar stimulus

[Spiderman]

1) The benefits that the unemployed spend creates economic demand where there wouldn't be otherwise. For every tax dollar spent on these benefits, it creates $1.64 in economic stimulus (or 10 billion spent creates 16.7 billion in demand). Why? Because it creates a ripple effect in the market. Capitalism 101.

2) When the unemployed receive this insurance, they quickly spend ALL of it on basic essentials like food, clothing, and shelter. That is why it is so effective in creating jobs. Without this extra demand, more businesses are forced to lay their workers off.

3) Only 10,000 jobs are created every billion dollar TAX CUT. This is because the employed only spend HALF of their tax cuts. They have the luxury of saving some. All in all it does more harm than good: every dollar lost in revenue only creates .59 cents in growth.

4) This fiscal policy was a great success during the Great Depression.

This isn't Leftwing bull. We are talking basic economics. Demand side economic policies is the answer. Trickle down economics is a republican lie.

Why Extended Federal Unemployment Benefits Boost the Economy

So if we were all on unemployment we would see 60% growth?????

Shit I'm going to apply today.

 

[Billy000]

All fluff, no sources. I backed up what I said with facts. Why can't you?

The CBO is in fact not a fact... The CBO is an estimate of information given to them. You can give the CBO any numbers to toy around with but their answer can have no barring on reality

And I gave you facts you dumb chit. FDR, great depression. Obama Great recession. Harding Roaring 20's, Coolidge Roaring 20's.

This is where like a dumbass you claim FDR had a depression to fix, and forget that Harding fixed the Depression he took over in 18 months....

Facts hate the shit out of you billy~

They sure do. Billyboy is a left leaning Obamabot moron. He wouldn't know truth if it hit him right between the eyes.

The CBO can only shoot out what it does with the numbers its given. If the numbers are bogus, as in the ACA, then the numbers the CBO shoots our are bogus.

Yup. Billyidiot is just that. An idiot. I wonder who he thinks will support all this "free" money when everyone is on unemployment?? Guess he didn't think of that because he's an idiot.

Lol it's posts like this that let's me know I am getting my point across. Some people can't handle facts for what they are.

Oh and it isn't just the CBO that came to these results. Moody, Time, JP Morgan etc all say the same thing.

 

[DiamondDave]

If handouts stimulate the economy and create jobs.. everyone should just receive handouts.. problem solved

 

[zeke]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

 

[hazlnut]

1) The benefits that the unemployed spend creates economic demand where there wouldn't be otherwise. For every tax dollar spent on these benefits, it creates $1.64 in economic stimulus (or 10 billion spent creates 16.7 billion in demand). Why? Because it creates a ripple effect in the market. Capitalism 101.

2) When the unemployed receive this insurance, they quickly spend ALL of it on basic essentials like food, clothing, and shelter. That is why it is so effective in creating jobs. Without this extra demand, more businesses are forced to lay their workers off.

3) Only 10,000 jobs are created every billion dollar TAX CUT. This is because the employed only spend HALF of their tax cuts. They have the luxury of saving some. All in all it does more harm than good: every dollar lost in revenue only creates .59 cents in growth.

4) This fiscal policy was a great success during the Great Depression.

This isn't Leftwing bull. We are talking basic economics. Demand side economic policies is the answer. Trickle down economics is a republican lie.

Why Extended Federal Unemployment Benefits Boost the Economy

That's a cost of $55000 per job....certainly achievable in the Obabble era.

Math is not your strong suit.

 

[deltex1]

1) The benefits that the unemployed spend creates economic demand where there wouldn't be otherwise. For every tax dollar spent on these benefits, it creates $1.64 in economic stimulus (or 10 billion spent creates 16.7 billion in demand). Why? Because it creates a ripple effect in the market. Capitalism 101.

How many jobs does a dollar of taxes or government borrowing destroy? What makes the CBO qualified to make any such determination?



Investment is what creates jobs. That requires people to save money, not spend it.



As I already explained, saving creates job. Every dollar not sent to Washington means productive people put money in the bank and other people invest it. Giving money to parasites only creates government dependents.



Right, if you think 12 years of unemployment over 15% is a "great success."

This isn't Leftwing bull. We are talking basic economics. Demand side economic policies is the answer. Trickle down economics is a republican lie.

Why Extended Federal Unemployment Benefits Boost the Economy

It's liberal propaganda, not economics.

You just sound like noise when you provide no facts of your own. Have some humility that economists know more than you.

You ask what gives the CBO credibility on this. What gives you credibity?

NOTHING.

Simple math you cretin.

 

[zeke]

OK, who was the idiot that claimed that "savings creates jobs". Who is that fucking stupid?

Ultra rich people have more "savings" than they have ever had in their lives.

You see the fucking "savings" of the rich creating jobs? Hell no.

Demand creates jobs. People spending money on things people need and want creates jobs.

This ain't rocket science. Except to right wingers on here. Then it is rocket science combined with brain surgery.

 

[Spiderman]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

 

[Billy000]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

Just admit you have no idea what you are taking about. You're embarrassing yourself.

 

[zeke]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

Didn't you say somewhere that you are a landlord? What, you just rent to rich people.

But lets look at what you say. People don't spend money on a new washing machine. You may be correct. What they do is look for a good used washing machine they can buy cheap.
Then the person they bought the used machine from goes out and buys a new machine.

How about car repairs. Unemployed people don't buy new cars. But they need to keep their current car up and running. So they spend money on car repairs which puts more money in the pocket of the repair shop owner who then buys himself a new car or piece of equipment or just pays his normal bills. Either way, the shop owner benefits from the spending of UE money. Keeps his mechanics working.

And you may want to read a couple articles about the velocity of money and how it moves through the economy.

I agree that having everyone on UE is not the answer. But to claim that people spending UE money has no beneficial effect on the overall economy is plain wrong. That's like saying that people spending money from their paychecks has no benefit to the economy.

Spending is spending.

 

[CrusaderFrank]

1) The benefits that the unemployed spend creates economic demand where there wouldn't be otherwise. For every tax dollar spent on these benefits, it creates $1.64 in economic stimulus (or 10 billion spent creates 16.7 billion in demand). Why? Because it creates a ripple effect in the market. Capitalism 101.

2) When the unemployed receive this insurance, they quickly spend ALL of it on basic essentials like food, clothing, and shelter. That is why it is so effective in creating jobs. Without this extra demand, more businesses are forced to lay their workers off.

3) Only 10,000 jobs are created every billion dollar TAX CUT. This is because the employed only spend HALF of their tax cuts. They have the luxury of saving some. All in all it does more harm than good: every dollar lost in revenue only creates .59 cents in growth.

4) This fiscal policy was a great success during the Great Depression.

This isn't Leftwing bull. We are talking basic economics. Demand side economic policies is the answer. Trickle down economics is a republican lie.

Why Extended Federal Unemployment Benefits Boost the Economy

That's a cost of $55000 per job....certainly achievable in the Obabble era.

Math is not your strong suit.

Bodecca, what's 1,000,000,000/19,000?

 

[HelenaHandbag]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

Didn't you say somewhere that you are a landlord? What, you just rent to rich people.

But lets look at what you say. People don't spend money on a new washing machine. You may be correct. What they do is look for a good used washing machine they can buy cheap.
Then the person they bought the used machine from goes out and buys a new machine.

How about car repairs. Unemployed people don't buy new cars. But they need to keep their current car up and running. So they spend money on car repairs which puts more money in the pocket of the repair shop owner who then buys himself a new car or piece of equipment or just pays his normal bills. Either way, the shop owner benefits from the spending of UE money. Keeps his mechanics working.

And you may want to read a couple articles about the velocity of money and how it moves through the economy.

I agree that having everyone on UE is not the answer. But to claim that people spending UE money has no beneficial effect on the overall economy is plain wrong. That's like saying that people spending money from their paychecks has no benefit to the economy.

Spending is spending.

You might want to read something about pushing strings.

 

[The Rabbi]

There are certain core beliefs leftists have about economics. They are woefully wrong and have been disproven so many times it is hard to imagine they still believe them. But they do. Among them:
-Government spending is a stimulus. It is not a stimulus. Gov't must take the money from someplace else either through taxation or borrowing. Those are funds that could have been used for a project that would actually make money.
-There is a stimulus effect to gov't spending. Every dollar spent by the gov produces 1.67 in benefits, or somesuch. It is total nonsense. The actual "multiplier" is less than 1. Meaning every dollar spent results in a deficit. This might explain Obama's economic performance.
-Consumer spending drives the economy. Another way of saying money in the hands of consumers increases growth. It doesnt. Business investment drives the economy because it is only through investment that growth occurs.
-Free trade results in overall loss. Even conservatives have a hard time with this one. It results in some losers but also some winners. Recent study I saw: overseas companies pay more to their American employees than American ones do.

Apparently you are too stupid to know tax cutting and over spending amount to the same thing.

Apparently you're so stupid you fell for that one.

 

[The Rabbi]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

Zeke, toothless stumbroke of USMB, weighs in with his own brand of economic illiteracy. I covered this above in my post. But points for getting two fallacies in one post.

 

[The Rabbi]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

Just admit you have no idea what you are taking about. You're embarrassing yourself.

Actually you have no idea what he's talking about and are embarrassed.

 

[The Rabbi]

There is no way that people having un employment monies could stimulate an economy.

I mean I have learned on here from the right winger assholes that ALL unemployment monies received by people with out a job simply goes into their savings accounts.

So how could saved money create a job? That's right, it can't. Even though 75% of our economy is based on consumer spending. Every right winger knows that unemployed people are savers, not spenders.

Right rethugs?

The shit they spend UE money on are the things that are recession proof anyway like groceries and electric bills.

Those do not stimulate growth.

No one is buying washing machines, cars, computers etc with UE money

And saying that every dollar of UE equals 1.60 in the economy is just plain stupid. If it were true then we should all just go on the dole and the economy would be booming

Didn't you say somewhere that you are a landlord? What, you just rent to rich people.

But lets look at what you say. People don't spend money on a new washing machine. You may be correct. What they do is look for a good used washing machine they can buy cheap.
Then the person they bought the used machine from goes out and buys a new machine.

How about car repairs. Unemployed people don't buy new cars. But they need to keep their current car up and running. So they spend money on car repairs which puts more money in the pocket of the repair shop owner who then buys himself a new car or piece of equipment or just pays his normal bills. Either way, the shop owner benefits from the spending of UE money. Keeps his mechanics working.

And you may want to read a couple articles about the velocity of money and how it moves through the economy.

I agree that having everyone on UE is not the answer. But to claim that people spending UE money has no beneficial effect on the overall economy is plain wrong. That's like saying that people spending money from their paychecks has no benefit to the economy.

Spending is spending.

Zeke, toothless stumpbroke of USMB, shows his ignorance of "broken window theory."

 

[zeke]

Hey rabbit, you got some fucking point you are trying to make?

What is "stump broke"? I keep asking, you keep avoiding. Why am I not surprised.

But go ahead rabbit. What is the difference to the economy between spending paycheck money and UE.
How does the economy differentiate between the two types of spending. UE vs paycheck.

 

[zeke]

Hey rabbit, you have NEVER answered a straight out question since I've been posting.

But you are the best at deflecting with out and out bullshit. I'll give you that.

What is "stump broke"? Is that a right winger term or what?

 

[The Rabbi]

Hey rabbit, you got some fucking point you are trying to make?

What is "stump broke"? I keep asking, you keep avoiding. Why am I not surprised.

But go ahead rabbit. What is the difference to the economy between spending paycheck money and UE.
How does the economy differentiate between the two types of spending. UE vs paycheck.

Where4 does the money for each one come from, oh stumpbroke one?

 

[Stephanie]

wow, he really does buy that crap

amazing