
Bastiat is rolling in his grave.
About to be former NH State Senator Jeanie Forrester (but “selected” to be NH GOP Chair, according to NH GOP Committeeman Steve “Bikini Man On A Plane” Duprey, NH Senate President Chuck Morse and Gov-to-be Chris Sununu) decided that she just had to write an Op-Ed praising Social Security (full piece after the jump). Curiously (or not, depending on your point of view and leaving aside the debate of whether it is Constitutional and if it should remain a Government pension or privately held) she decided to concentrate on saving it by emphasising how those recipients spend that money:
This outcome will have significant negative ripple effects. The income derived by Social Security benefits kicks off a cascade of events felt throughout the entire economy. That money is spent on goods and services, which supports businesses and creates jobs. But when an older American takes a cut in their already limited budget, he or she will make rational economic choices such as deciding against buying a new car or choosing not to eat out. These choices are felt throughout the economy.
According to a new analysis by AARP, Social Security fuels $1.6 trillion in economic activity in the United States. The cost of doing nothing is estimated to be upwards of $400 billion in lost economic output. Here in New Hampshire we’d see a $2 billion annual loss of economic output, which in turn could cost us around 11,100 jobs.
First off, anyone quoting AARP for anything forgets that AARP was a major



