Posted on 07/11/2011 4:03:05 PM PDT by tobyhill
Laying the groundwork for a long-term improvement to the fiscal health of the United States does not solve the short-term weakness in the jobs market and Congress should take action to create jobs, including simulative measures like extending payroll tax cuts for individuals and businesses, President Obama said on Monday.
"I am not somebody who believes that just because we solve the deficit and debt problems short-term, medium-term or long-term, that that automatically solves the unemployment problem," he said at a White House news conference Monday. "I think we're still gonna have to do a bunch of stuff, including, for example, trade deals that are before Congress right now that could add tens of thousands of jobs."
The president again made the case for the extension of last year's cut of two percent of the payroll tax paid by employees, even though he said it "might not be exactly the kind of program that I would design in order to boost employment." Still, he said, the tax cut is the sort of simulative bill that can get through the GOP-held House of Representatives, and "puts money in the pockets of people who are then spending it at businesses large and small."
Mr. Obama defended the $830 billion stimulus package of federal spending and tax breaks he pushed in the first year of his presidency, arguing that it "created a whole bunch of jobs" and he would push for more economic stimulus if he could.
(Excerpt) Read more at cbsnews.com ...
The amount of money they are talking about, $1.7 trillion to $2.3 trillion over a 10 year period, is almost meaningless when you talk about annual federal budgets approaching $4 trillion. And no doubt, there will be plenty of smoke and mirrors that both sides will use to convince us they have done something significant.
This asshole sounds like a 13 year old thug.
Who said it would, on its own? There are many things to do, and this is one. This would be a good start.
Its the same BS they say about , if we drill in Alaska, it wont be enough for our needs, so lets just not drill at all.
Is he trying to say that because the debt deal wont fix the entire economy, that we just not do it all? We should only do something if it is an all-encompassing fix?
Once upon a time I read where if all decrectary spending were elimnated from the budget, it would barely make a dent in total gov’t outlays, I doubt that much has changed.
He’s also nauseatingly condescending. He really thinks he’s hot you-know-what.
“... do a bunch of stuff...”
Definitely a guy with superior intellect, he really likes the word, “stuff”.
Exactly, the start is to DEFUND Totalitarian Health Care and then to DEFUND ALL socialist collectives, foreign and domestic.
Yes, amazing isn’t it?
Only clearing out the dead wood, by letting EVERY insolvency mature, will.
However, cutting spending could possibly save the republic.
Nothing happens in the US economically until there is radical regulatory and tax restructuring.. Same minds created the problem..are not capable of a solution.
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