You knew it was coming. Like Thanksgiving leftovers, where it tastes just as good the second time around but without, perhaps, the same gargantuan proportions, your duly elected leaders are well on their way to bringing you Son of Porkulus aka Porky’s Revenge.
As we all know, the statist solution to its own failed statist policies is more statism and yesterday the jobs summit started tearing back into those tupperware containers of cranberry, green bean salad, stuffing and…. Pork!
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.
Shovel ready, baby - we’re partying like its February 2009!
The intellectual mediocrity and sheer incompetence of this legislative body never ceases to amaze.
Here’s our big idea for getting the economy back on track: Kill. Kill cap and trade. Kill Obamacare. Kill Porkulus the Elder and its bastard son.
The looming specter of the taxes and regulations contained in this raft of legislation which produces uncertainty in the private sector is a large part of what is ailing our economy.
The President himself has come out and said that small businesses are the key to economic recovery. Well, what small business is going to hire when they don’t know how healthcare reform or a massive reconfiguring of our energy policy is going to affect them?
The lack of a sense of irony on Capitol Hill would almost be humorous if it didn’t mean we would all pay so dearly for it.