NolaMan
Well-known member
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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."
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:
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?
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."
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