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FACT CHECK: Obama's jobs plan paid for? Seems not 

By: Zimbler0 in POPE | Recommend this post (2)
Sun, 11 Sep 11 8:00 PM | 95 view(s)
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http://finance.yahoo.com/news/FACT-CHECK-Obamas-jobs-plan-apf-1890772538.html?x=0

FACT CHECK: Obama makes iffy claim in jobs speech to Congress that his plan is paid for

WASHINGTON (AP) -- President Barack Obama's promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions.

It will only be paid for if a committee he can't control does his bidding, if Congress puts that into law and if leaders in the future -- the ones who will feel the fiscal pinch of his proposals -- don't roll it back.

Underscoring the gravity of the nation's high employment rate, Obama chose a joint session of Congress, normally reserved for a State of the Union speech, to lay out his proposals. But if the moment was extraordinary, the plan he presented was conventional Washington rhetoric in one respect: It employs sleight-of-hand accounting.

(Article does continue.)

Zim.




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