Just as Food Stamps stimulate the economy by creating about $1.80 of economic activity for every dollar of Food Stamps spent, Social Secuity pumps up job-generating and business activity by about $2 for every dollar recipients spend. This is according to a new study by the AARP:

A new report by the AARP Public Policy Institute, "Social Security's Impact on the National Economy," found that Social Security adds more than $1 trillion to the U.S. economy each year. People who receive Social Security benefits are not saving that money for a rainy day. They're spending it on goods and services — pumping it back into the economy. We have to remember that the typical older American has an income of about $22,000 a year, and Social Security accounts for about half of a typical older family's income.

Businesses use the income to purchase more goods and services, to realize profits and to hire more employees. Those employees, in turn, spend their wages on more goods and services, which creates more spending and income for more people. This creates a powerful multiplier effect that benefits the economy, businesses and workers. In fact, our report found that every dollar in Social Security benefits paid out generates about $2 of total output for the U.S. economy.

In short, Social Security is a vital component of a vibrant economy. Florida is just one example of a state that would be devastated without the delivery of monthly Social Security checks. However, the entire United States economy would be seriously harmed.