Pelosi: 'Food Stamps Stimulate The Economy'
House Speaker makes remarks days after singalling she was against payroll tax cut
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House Speaker Nancy Pelosi made a bizarre observation during a press briefing earlier this week claiming that food stamps “stimulate the economy.”
The news comes just days after Pelosi House Speaker Nancy Pelosi signaled she was against a payroll tax cut in the next coronavirus relief bill.
As the national debt hit $25 trillion this week, Pelosi was asked how much money should go for PPP to state and local governments.
The House Speaker responded, saying she didn't favor deficit spending and was more of a “pay-as-you-go person.”
“Well, I'm a pay-as-you-go person, much to the dismay of some in my party,” Pelosi said.
“But I think that, as a matter of course, when we're doing what we're doing, we should find a way to offset additional spending or get revenue to pay for it because the debt is an important challenge,” she added.
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Pelosi then called food stamps an 'economic stimulus.'
“But what we're talking about now is about a stimulus to our economy at a time when people are crippled with concern about their physical well-being as well as their economic well-being,” Pelosi continued.
“So, when we talk about food stamps, and we talk about direct payments, and we talk about unemployment insurance, they stimulate the economy,” said Pelosi.
“Their purpose is to meet the needs of people, but they are a stimulus to the economy,” she said.
“So, when we look at the needs that our people have--not the top 1 percent, bless them all, we don't begrudge anyone their success or their achievement--but we have to–there is no upside for our economy unless there is consumer confidence unless people understand that the well-being of working people in our family is what keeps our economy strong."
“So, I think that I think that the secretary, chairman of the Fed, Chairman Powell, has said it again and again, publicly, said it to me: ‘Think big. Think big," she added.
WATCH:
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"The interest rates are very, very low. Think big.’ And that's what we're doing.”
Last month, Pelosi stalled the replenishing of the depleted fund for small business relief, but later tried to deflect the blame on Republicans.
Earlier this month, the House Speaker said she was looking at illegal alien family members to be included in the forthcoming coronavirus bill.
"Most of what we’re doing is to meet the needs of people, but it’s all stimulus.”
“What we said was we want to address the mixed family issue," she added.
On Friday, Senate Minority Leader Chuck Schumer (D-NY) prepared to reveal their multi-trillion-dollar coronavirus relief package.
The Democrats compiled the “most far-reaching effort yet to address the economic fallout of the pandemic.”
“We need big, bold action,” Schumer told MSNBC.
We “are working very closely together on putting together a very strong plan, which you will hear shortly.”
The Democrats continue to use the relief bill to push thier far-left agenda.
