Let me just try to
Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy – let’s imagine we have two farms, and that’s the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today?
– Arthur Laffer
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- In a very weak economy, when you say ‘cut government spending,’ what you mean is you’re laying off school teachers and you’re de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don’t pay taxes. – Fareed Zakaria
- The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high. – Arthur Laffer
- If you’ve got unemployment, low pay, that was just too bad. But that was the system. That was the sort of economy and philosophy against which I was fighting in the 1930s. – Barbara Castle
- We have to remember we’re in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that’s why it’s so critical that measures in those packages avoid anything that smacks of protectionism. – Stephen Harper
- Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen’s compensation, health care benefits, welfare, you name it. – Meg Whitman
- I mean, the reality is unemployment today – over 14 million Americans are unemployed. That’s exactly what it was a year ago. I mean, this – the American people know we can’t borrow and spend and bail our way back to a growing economy. – Mike Pence
- It’s hard for me to imagine a philosopher disconnected from the world, indifferent to the cares of his country, unmoved by poverty, unemployment: I am a committed citizen. – Michel Onfray
- What we’re talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer
- They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn’t pay as much as the unemployment benefit does. – Sharron Angle
- I can’t imagine a person becoming a success who doesn’t give this game of life everything he’s got. – Walter Cronkite