Sunday, September 11, 2011

Jobs Plan - Paid for by Someone Else

The final point in the President's jobs plan is that it is fully paid for. By this he means that the cost will be offset by future taxes or spending reductions. To do this, he gives the Joint Committee the task of finding an additional $447 billion in cost savings. In short, he outsourced the tough part of the task to another branch of government.

Update: This is no longer true. He proposed paying for them with permanently higher taxes.

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