Thursday, August 25, 2011

Vilsack's Magic Act

Agriculture Secretary Tom Vilsack revealed the other day that food stamps are really "job creators" and that every dollar in food stamp spending generates $1.84 in economic activity. Since the cost of the program in May was over $6 billion, that's $11 billion in extra economic activity!

So why stop there?  Only 1 in 7 people get food stamps today. Why not give them to all 312 million people in the US? According to Mr. Vilsack, that would generate almost $1 Trillion in economic activity. Talk about a recovery! It's all so simple. Why didn't we think of this before? Take $500 billion from US taxpayers, give it back to them in foods stamps, and watch the economy soar. It's almost like . . .  well . . .  magic.


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