Obama to propose $300 billion to jump-start jobs (payroll tax/unemployment benefits extension)

Yahoo ^ | 9/6/11 | David Espo and Jim Kuhnhenn - ap

[NormsRevenge]

WASHINGTON (AP) — The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech.

...

According to people familiar with the White House deliberations, two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total about $170 billion.

[NormsRevenge]

We all know how successful extending unemployment benefits will be at creating jobs. (ducks)

[maddog55]

So paying to keep people unemployed helps.. I’ll be damned.

[Sacajaweau]

The payroll tax cut is simply stealing from the SS fund. (Seniors wake up!!)

And extending unemployment... Households with a 2nd substantial income really love this.

[tsowellfan]

Throwing money at the problem will not fix it. Government needs to get out of the way all together. That’s the problem.

[Opinionated Blowhard]

“Jump start.” LOL. That’s the ticket. Another shot of spending will work to jump start the economy into recovery. Why not a $5 trillion jump start? Just give every Dem district $100 million to spend on whatever the local pols want to spend it on? That should work under this theory.

[dynachrome]

“extension of expiring jobless benefits”

99 weeks to what? 1000?

[Nonsense Unlimited]

If they make it a whole lot longer it will be better than a lot of pensions.

Just saying.

[hinckley buzzard]

The well-known answer is to cut taxes and spending. It worked just fine in 1921, the last time it was tried. I hope some conservative candidates pick this up and run with it.

[MNDude]

Boehner will pass $295 billion and will claim victory.

[Para-Ord.45]

Epic Stimulus Fail 2.0

[MontaniSemperLiberi]

Great! /s

More tax cuts

more spending

more debt.

[dforest]

Yawn...good night.

[max americana]

Another effing UNEMPLOYMENT EXTENSION?!? For crying out loud, dumBO is a certified imbecile.

[rabscuttle385]

The payroll tax cut is simply stealing from the SS fund. (Seniors wake up!!)

Quit stealing from my paycheck.

[MontaniSemperLiberi]

Yeah. Let’s just get it over with.

$4T in more debt should do it.

[Qbert]

"two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits."

The definition of insanity...

[Tallguy]

What is $300 billion going to do that $785 billion couldn’t?

[MNDude]

it’ll do the same, except only 40% as well I guess, lol.

[tacticalogic]

What is $300 billion going to do that $785 billion couldn’t?

For $300 billion we can have 600 more Solyandras.