Cut Taxes and $1.00 = $1.02....Unemployment check and $1.00 = $1.61

Discussion in 'Economy' started by rdean, Jul 12, 2010.

  1. rdean
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    rdean rddean

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    http://www.economy.com/mark-zandi/d...e-Committee-Unemployment Insurance-041410.pdf

    Go to page 5:

    It is also important that policymakers provide emergency benefits to those who will lose their jobs this year. No form of the fiscal stimulus has proved more effective during the past two years than emergency UI benefits, providing a bang for the buck of 1.61—that is, for every $1 in UI benefits, GDP one year later is increased by an estimated $1.61 (see Table 1).viii

    Mark Zandi is chief economist of Moody's Analytics, where he directs research and consulting. Moody's Analytics, a subsidiary of Moody's Corporation, is a leading provider of economic research, data and analytical tools.

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    Mark Zandi, Chief Economist — Moody's Economy.com

    About Moody's Corporation
    Moody's Economy.com is a division of Moody's Analytics. Moody's Analytics is a leading provider of research, data, and analytic tools that support the needs of fixed income and credit professionals worldwide. Moody's Analytics is a subsidiary of Moody’s Corporation (NYSE: MCO), which employs approximately 3,000 people worldwide and had revenue of $2.259 billion in 2007.

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    The bottom line - cutting taxes for the rich won't help the economy.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    As soon as we cut the debt, then we can cut taxes across the board. Obama is effectively raising taxes, and that ain't right.
     
  3. rdean
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    rdean rddean

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    Bush started two wars that cost 3 trillion.

    Bush and the Republicans passed a tax cut of 2.4 trillion.

    That doesn't mean the wars cost 0.6 trillion.

    That means Bush and the Republicans dug of hole worth 5.4 trillion.
     

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