Conjecture is trying to directly link food stamps to GDP to push a political agenda.
How is spending more than your revenue a long term plan? The only legit reason would be in a time of war or major disaster. Our entitlement spending and union retirements are a mirror image of Greece but on a much larger scale. We owe more per capita than Greece (don't forget to include unfunded liabilities).
Sure, we can devalue the dollar but too much inflation will be a very bad thing - just ask Zimbabwe.
I'm all for helping the poor and believe in reasonable safety nets, but the problem is they are being chronically abused in this country. I live in NYC and see the abuse first hand every day, in the checkout line seeing able bodied people using foodstamps (EBT cards). Come on man, really?
My point is food stamps and entitlements are definitely not an economic tool.
How is spending more than your revenue a long term plan? The only legit reason would be in a time of war or major disaster. Our entitlement spending and union retirements are a mirror image of Greece but on a much larger scale. We owe more per capita than Greece (don't forget to include unfunded liabilities).
Sure, we can devalue the dollar but too much inflation will be a very bad thing - just ask Zimbabwe.
I'm all for helping the poor and believe in reasonable safety nets, but the problem is they are being chronically abused in this country. I live in NYC and see the abuse first hand every day, in the checkout line seeing able bodied people using foodstamps (EBT cards). Come on man, really?
My point is food stamps and entitlements are definitely not an economic tool.