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President Barack Obama plans to propose sparking job growth by injecting more than $300 billion into the economy next year, mostly through tax cuts, infrastructure spending and direct aid to state and local governments.
Obama will call on Congress to offset the cost of the short-term jobs measures by raising tax revenue in later years. This would be part of a long-term deficit reduction package, including spending and entitlement cuts as well as revenue increases, that he will present next...
Originally posted by jtap66
What this means to me is that the package of spending to create jobs by fixing the infrastructure is already a reality. It has already been agreed upon. However, we still have to go through the political dog and pony show of proposal and angry disagreement in order to fire up the respective sheep and keep that false R/D distraction alive.
Originally posted by sbctinfantry
The tax cuts are for those under $200,000 a year. Of course, they are financed by... those making $200,000 a year or less once Congress taxes it all back.
Originally posted by beezzer
reply to post by sbctinfantry
Businesses hire people. Usually businesses have/make more than 200K / year. Why punish them to the point where they can't hire people?
Unless, you don't really want unemployment to go down and want to raise the dependence level on government. . . . . naaaah.
Originally posted by allprowolfy
Simply amazing, we have a $300 Billion package being delivered by our Czar, and i say that as the President has not just individual powers in foreign affairs, but direct unfettered powers now in states? And this happened with no Congressional approval?
Its pretty obvious this countries legislative, and judiscial branches has been broken down to nothing.
What strikes me as odd, is why the pheasants are even allowed to vote for a president now, if Obama wanted to he could just declare martial law, and this dog and pony show of the American Democracy would be over
Originally posted by ModernAcademia
Stop the overspending(stimulus) packages, just end the endless and purposeless wars bring the troops home