Representative Jim McDermott recently declared on the House floor that jobless payments are "one of the most effective forms of economic stimulus" because "every unemployment dollar spent returns $1.64 of economic benefits." So let's lay off everybody, pay them for not working, and watch the economy really boom. Where do they teach this stuff?
Again, as predicted, there is yet another "jobs stimulus" proposed by House Democrats...
WSJ Story
A few highlights:
- $65 billion to prevent a 21% cut in Medicare physician reimbursements that was left out of the healthcare bill so it would look "cheaper."
- $47 billion to extend unemployment insurance to nearly two full years because paying people not to work, actually somehow makes them work...
- "Paygo" budget rules, so heavily touted by the President somehow do not apply to this bill
And here is the best line of it all:
So, as I have asked before, I will ask again... When does it all end? How much "stimulus" is enough before we realize that it simply does not work?
So far, we have had a Bush stimulus, followed by TARP, followed by an Obama stimulus, followed by a jobs bill, followed now by this, and another proposed bill for $165 billion to pay union pension funds that are failing...all in the name of "jobs."
They say that ignorance is bliss.
I kind of miss the days when I didn't know what the government was doing. Kind of like Vaseline on the lens or Novocain on the soul.
Ahh yes, the Reagan administration.
Much better times for America. Gonna take another 8 years of a Reagan to undo the 4 years of Carter Jr...
Ahh yes, the Reagan administration.
:rofl
Yes, my childhood- it was quite blissful.
Popsicles during the summer, dinner every night, a warm bed and a roof over my head.
Sometimes I wish I could just go back. :rofl
You don't get that now?
Much better times for America. Gonna take another 8 years of a Reagan to undo the 4 years of Carter Jr...
:rofl
Yes, my childhood- it was quite blissful.
Popsicles during the summer, dinner every night, a warm bed and a roof over my head.
Sometimes I wish I could just go back. :rofl
Don't get your hopes up. Part of the reason I voted for Obama was that I hoped he would undo the havoc that Bush Jr brought to this country and it isn't happening. Don't assume the same will not happen for your side.
Again, as predicted, there is yet another "jobs stimulus" proposed by House Democrats...
WSJ Story
A few highlights:
- $65 billion to prevent a 21% cut in Medicare physician reimbursements that was left out of the healthcare bill so it would look "cheaper."
- $47 billion to extend unemployment insurance to nearly two full years because paying people not to work, actually somehow makes them work...
- "Paygo" budget rules, so heavily touted by the President somehow do not apply to this bill
And here is the best line of it all:
So, as I have asked before, I will ask again... When does it all end? How much "stimulus" is enough before we realize that it simply does not work?
So far, we have had a Bush stimulus, followed by TARP, followed by an Obama stimulus, followed by a jobs bill, followed now by this, and another proposed bill for $165 billion to pay union pension funds that are failing...all in the name of "jobs."
The bold is the much anticipated "doc fix."
When that passes, you can be assured that the health care bill will actually cost more than was touted.
You voted for Obama cause he was an historic black candidate.
Just admit to that, cause if you admit to buying his bull**** promises during the Campaign...
You voted for Obama cause he was an historic black candidate.
Just admit to that, cause if you admit to buying his bull**** promises during the Campaign...
Well, that's in addition to the 115 billion more the CBO has identified... so that debt savings Obama spoke about? Yeah... not gonna happen. Anyone surprised? :shock:
CBO: Health Care Bill Will Cost $115 Billion More Than Previously Assessed - Political Punch
If by "cost more" you mean "not reduce the deficit as much."
but his actual proposed policy.
You're quoting that 1.3 Trillion savings number from Obama's lips? Let's put it this way, if there were odds in Vegas on those savings actually being realized in 10 years with an over / under of 1 Trillion... I'd so bet the farm against it.
If by "cost more" you mean "not reduce the deficit as much."
If by "cost more" you mean "not reduce the deficit as much."
When are folks going to learn that the government can't create jobs nor can it create wealth?
I'm fairly sure that after we include the cost of the doctor fix over the ten year period, combined with the fact that many of the delayed taxes will be "patched" or repealed altogether, the bill will not even come close to breaking even.
This proposed doc fix will last 2.5 years and will cost $63 billion. The cost to fix it over the ten year period is $276 billion.
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