Pelosi: Food Stamps and Unemployment Give ‘Biggest Bang for Our Buck’

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Nancy Pelosi proudly defended the welfare party.

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CNN: At a press conference in her home town of San Francisco, Pelosi explained that the program’s multiplier effect –the amount of money generated in the local economy as the result of the subsidy– far exceeds the nearly $60 billion spent this year by the federal government and is a sure-fire way to stimulate the economy. For every dollar a person receives in food stamps, Pelosi said that $1.79 is put back into the economy. The U.S. Department of Agriculture cites an even higher figure of $1.84.

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“It is the biggest bang for the buck when you do food stamps and unemployment insurance. The biggest bang for the buck,” she said.
Gingrich on Tuesday wrote a letter critical of the Democrats’ stewardship of the economy and urged all Republican candidates to shape the political debate as one “between the Democratic Party of food stamps and the Republican Party of paychecks.”

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“It is an unassailable fact that in June, more food stamps were distributed by the government than ever before in American history. (It turns out that Barack Obama’s idea of spreading the wealth around was spreading more food stamps around.),” wrote Gingrich.

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Pelosi went on to accuse Gingrich of class warfare. Now that’s rich.

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Update: Since we’re on the subject of food stamps – did you hear that New York Governor David Paterson and NYC Mayor Michael Bloomberg want to keep food stamp recipients from buying sugary drinks? While that may sound reasonable, it just goes to show how the more dependent on government people become, the more government can control their lives.

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