From Wonkette:
As you all know, working and lower-middle-class households are among
the most likely to spend any additional income (like that
TIME-AND-A-HALF OVERTIME, BABY!) immediately and locally on necessity
goods. In New York, rookie cops make
roughly $42k annually — with a chance to incrementally reach the
maximum salary of $76,488 over five-and-a-half years — placing them
squarely in this category (particularly, if they are the primary earner
of a large household). Their spending then cascades through the local
economy, enacting what Keynesian economists call a “money multiplier effect.”
With #S17, the Occupy movement is once again doing what President
Obama and Congress can not or will not do: providing the extra economic
stimulus Americans need to get our country running again!
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