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Old 09-07-2011, 12:15 PM   #1
hogger129
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Default $300 Billion Jobs Plan

Though you'd all get a kick out of this. Another big money spend to "create jobs." How is this going to be any different than the Stimulus Package that didn't work? When will the government realize they don't create private sector jobs? This is exactly what's ruining our country - high spending.



http://content.usatoday.com/communit...llion/1?csp=34


Quote:
A price tag is getting attached to President Obama's jobs plan: $300 billion.

That's the current estimate of a package likely to include an extension of the payroll tax cut, tax breaks for employers who hire new people, an extension of unemployment benefits, and money for new road and bridge projects, according to various news reports.

Obama and aides are still working on some of the details, so things could shift before the president addresses a joint session of Congress at 7 p.m. ET Thursday.

The speech is expected to focus on jobs. Later this month, Obama is expected to forward a federal debt reduction plan to a special congressional committee assigned to find ways to reduce the government's $14 trillion-plus debt.

From The Associated Press:

According to people familiar with the White House deliberations, two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total about $170 billion.

The people spoke on the condition of anonymity because the plan was still being finalized and some proposals could still be subject to change.

The White House is also considering a tax credit for businesses that hire the unemployed. That could cost about $30 billion. Obama has also called for public works projects, such as school construction. Advocates of that plan have called for spending of $50 billion, but the White House proposal is expected to be smaller.

Obama also is expected to continue for one year a tax break for businesses that allows them to deduct the full value of new equipment. The president and Congress negotiated that provision into law for 2011 last December.
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Old 09-07-2011, 02:26 PM   #2
Carne Frio
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Default Re: $300 Billion Jobs Plan

He is running for reelection and will say anything !
Do you expect him not to lie about this issue ?
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Old 09-07-2011, 02:53 PM   #3
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Default Re: $300 Billion Jobs Plan

They need more government employees and the existing employees need raises. Geeze.
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Old 09-08-2011, 12:41 PM   #4
jbmid1
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Default Re: $300 Billion Jobs Plan

YAY!!! MOre shovel-ready jobs. Maybe they can throw more money at green corporations that will soon go bankrupt also!

Obama thinks that everything comes from the govt. That govt. is the only entity that can create jobs. He can't be gone soon enough.

Last edited by jbmid1; 09-08-2011 at 12:43 PM..
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Old 09-08-2011, 02:30 PM   #5
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Default Re: $300 Billion Jobs Plan

Nuts!
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Old 09-08-2011, 10:09 PM   #6
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Default Re: $300 Billion Jobs Plan

The guy is an idiot. That is the nicest thing I can say about him.
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Old 09-08-2011, 10:57 PM   #7
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Default Re: $300 Billion Jobs Plan

Just curious - what makes anyone think these "shovel ready" jobs are any different from the last "shovel ready" jobs that were never awarded?

A lot of folks invested in Vulcan Materials during the last go round of Govt give aways thinking VM would profit from the road building and new construction projects. (Vulcan Materials is one of the largest gravel producers in the world) Not only did Vulcan loose money, so did their investors - double whammy for the stimulus plan!
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