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12/16/2012

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Terry Bennett

"...hand-outs increase the amount of money that people have and can spend on consumption..."

This shouldn't be true. If the government doesn't give the hand-outs, that money should still be in the pockets of taxpayers, where it is still available to spend on consumption. However, in this case the government is taking a substantial portion of the hand-out money not from taxpayers but from China, and these borrowed hand-outs do indeed increase the amount available for consumption.

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