"If Obama was half as intelligent as his enablers say he is, he would cutoff unemployment benefits immediately. Right now, the unemployment rate is being artificially pumped up by people who prefer getting extended unemployment benefits to having to work for their money. Thankfully though, Obama is as dumb as a box of chocolate eclairs and so the unemployment benefits will get extended and the unemployment rate will stay in the 9’s.
What's that, you say? It means you have to include the funding into the bill, to pay for its cost. It would be futile to add a tax to fund a tax cut, something's gotta go.
Let's see now, $1000 for 40 million taxpayers, that's $40B. Now, which department do we want to abolish/defund? Energy? Agriculture? I vote EPA.
The payroll tax “cut” was one of the stupidest ways to “stimulate” the economy since the previous year when Obama did the “lower the withholding” trick for his $800 family rebate.
Nobody notices 4 bucks a week in their paycheck, so nobody spends it. They notice later they have a few bucks extra in their checking account, and are happy, but they don’t spend it.
If you want someone to spend $800, you send them a check for $800. Then they think it’s free money, and they spend it.
That ASSHAT has walked into the money. He has discovered more than he wants to know. Buh Bye!
"When I saw his favorability rating drop below 40%, I knew he would start backpedaling and trying to make nice in order to pull his numbers up again.
If an extension of tax cuts is good, then permanent is better.
Raise the ante.
Further tax cuts? They should be paid for with equivalent, immediate spending cuts using Obama’s own logic. Smoke him out.
Wait. What?
The Republicans would be fools to not only call Ubanga’s bluff on this, but to double down.
To me this means that they are projecting fewer jobs than they expect and lower growth than they expect. So they want to be able to blame it on Republicans. Never try to solve the problem, just try to assign blame when your solutions make things worse.
Its not a Tax cut its cheating Social Security out of its Money
how the heck do you pay for a failing social security when you don’t collect the money?
We have a winner! The payroll tax holiday--it's not a tax cut as much as borrowing from Social Security because, by law, the missing Social Security revenues MUST be repaid with general tax revenues--has not created one new job.
It's all been on the employee side, the employer is still paying the same old rates. It didn't lower cost of hiring new workers or retaining existing ones.
It's phony baloney gimmicky nonsense. It looks good for people already working because their paychecks are slightly higher but it's useless to the unemployed masses.