This is why the GOP is stupid.

December 5, 2010 at 3:45 pm | Posted in Congress, economy, National Politics, obama, White House scandals | Leave a comment

It appears in exchange for the extension of tax cuts, the GOP is willing to also allow the extension of unemployment benefits for those that have reached their limit of 99 weeks of receiving benefits.   Those that say, mostly liberals, tax cuts are also an expense really expose who they really are.  They assume  our money belongs to the Federal Government and that somehow  the Federal Government is getting cheated out of money if the tax rates do no go back up.  However, the Federal Government does not own the money, we do, and if we earn less or find additional tax dedications,  that means less for the Government in future years. How is that an expense for the Government?  it’s not.  But as I said that’s how liberals like to see it.

Now, make no mistake paying out unemployment benefits is an expense for the Federal Government, no matter how you look at it.  The key of course is how to pay for it.   The liberals just want to keep adding to the deficit to pay for it, rather than cutting spending somewhere else to pay for it.

That is why this is a stupid compromise.  Besides, does obama not have confidence in his economic policies that he thinks more jobs will not be created in the coming year?


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