If I got an extra $100 or so on my paycheck, it would have very little economic utility. It would just be added to my pile of savings.
But if you take that $100 from me and give it to an unemployed person, they are going to spend 100% of that, guaranteed.
Moreover, I'm not following you on the "less the sizable bureaucratic overhead" comment. You make it seem as if the gov't takes $100 from me, burns $10 in the White House Furnace, and gives $90 to the unemployed person.
On the contrary, every dollar of "bureaucratic overhead" is income for somebody -- a government contractor, supplier or employee. I've never understood why people act like the money the government spends just vanishes from the economy. Yes, a small, small fraction of it goes overseas. But it's so small it cannot be described as "sizable."
But if you take that $100 from me and give it to an unemployed person, they are going to spend 100% of that, guaranteed.
Moreover, I'm not following you on the "less the sizable bureaucratic overhead" comment. You make it seem as if the gov't takes $100 from me, burns $10 in the White House Furnace, and gives $90 to the unemployed person.
On the contrary, every dollar of "bureaucratic overhead" is income for somebody -- a government contractor, supplier or employee. I've never understood why people act like the money the government spends just vanishes from the economy. Yes, a small, small fraction of it goes overseas. But it's so small it cannot be described as "sizable."