Food stamp recipients fret as stimulus boost endsHis bio at Booth states that he is "an Adjunct Scholar of the CATO institute."
2 hours ago • By RIK STEVENS
Daily Journal Online
A temporary increase in food stamps expires Oct. 31, meaning for millions of Americans, the benefits that help put food on the table won't stretch as far as they have for the past four years.
John Cochrane, a professor of finance at the University of Chicago's Booth School of Business, also opposed the stimulus, saying it advanced the false assumption that "completely wasted federal spending helps the economy."
He said that worries about people who need help were a legitimate concern but that food stamps create a disincentive to move to find a better job because recipients are worried they'll lose the benefit.
"At some point," he said, "you have to be a little bit heartless."
UPDATE: The University of Chicago has decided that it is now OK for the blue-collar workers to use the elevators during the day.
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1 comment:
The worst offenders are the ones who also voted to bail out the banks. Not that it's necessarily worthwhile to research identity of the culprits because the stagnant economy ongoing, resulting from lack of stimulus, also opposed by the majority, (most of whom doubtlessly exonerate the banksters for causing the whole mess) also makes the case.
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