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Politics : President Barack Obama

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To: Road Walker who wrote (128404)12/4/2012 8:24:23 AM
From: RetiredNow  Read Replies (1) of 149317
 
LOL. This would be comical, if it weren't so sad. In my last post to you, I told you that these buffoons in Congress were going to kick the can down the road. Turns out that Obama's plan not only plans to kick the can down the road, so that any spending cuts, if they are real at all, will occur in later years, but he actually plans to INCREASE spending in the early years, because well hey, the economic recovery is doing so great according to you and tejek that somehow Obama thinks we need another stimulus. So he wants to increase spending in the first year by $200B. I guess a $1.2 trillion deficit isn't stimulus enough for this great recovery we're having. We're supposed to be cutting the deficit, not increasing it. Has Obama lost his mind?

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Obama plan has $200 billion in economic boosters

money.cnn.com

* $95 billion to extend the payroll tax cut one year.
* $30 billion to extend unemployment insurance benefits a year.
* $50 billion to fund infrastructure projects like roads and bridges.
* $25 billion for other short-term programs, including extending a tax deduction that lets businesses accelerate depreciation on equipment purchases.
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