The cost of a new jobs bill Democrats hope to move early next year runs to nearly $300 billion when major proposals under serious consideration are added up.
Lawmakers are calling for extending aid to the unemployed, infrastructure spending, a hiring tax credit and increased small business loans.
A number of the jobs proposals backed by Democrats make up a $230 billion package proposed by Mark Zandi of Moody's Economy.com, who made a presentation to Senate Democrats Wednesday. The provisions supported by Zandi along with new spending on infrastructure, a favored approach of top House Democrats, would cost between $291 billion and $299 billion, according to estimates by lawmakers and economists.
Aides cautioned that Democratic leaders in both chambers are just beginning to consider what will go into the bill, and that estimates based on standalone bills may not mesh with the final jobs legislation.
But $300 billion would appear to represent an outlier of the cost of a new jobs bill. It would follow the $787 billion economic stimulus package approved earlier this year, which Democrats credit with saving jobs but Republicans criticize for failing to stem unemployment, which now stands at 10.2 percent. [...]
CORRECTION!!! Unemployment is close to 18% now because there are some that are unemplyed that cannot find jobs and do not collect unemployment checks - the unconstitutional kiind of checks, but you get what I mean.
The Defeatocrats have TRIPLED the deficit and doubled unemployment. They have also created a $12 TRILLION dollar debt. It's incredible. So what are the words of the Nanna from San Franna?
[...] “We continue to work with all members of the caucus and with the Administration to build on the recovery package and other initiatives to help create jobs and grow our economy after years of mismanagement by the Bush administration.” [...]
There's that Bush Bashing again. So, GWB had close to $500 BILLIOIN in deficits, Obama TRIPLES it all, doubles unemployment and now has a $12 TRILLION dollar debt and GWB had "evil and defective" economic problems? What? Did he not spend enough?
The Snooper Report. Join us as we Take Our Country Back.
Sic vis pacem para bellum