Thursday, September 8, 2011

The Obama jobs plan

Here is a summary of the President's jobs plan.  Reasonable people can differ on whether or not it will generate jobs or not, but no reasonable person can believe that it is paid for, as the President claimed.  Here is the AP's take.  Basically, the President counts it as paid for because he told the congressional deficit supercommittee to add it to his tab:
The agreement we passed in July will cut government spending by about $1 trillion over the next ten years.  It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas.  Tonight, I’m asking you to increase that amount so that it covers the full cost of the American Jobs Act.