Monday, August 22, 2011

Obama Jobs Plan Meets Early Resistance From Republicans


An across the board payroll tax cut is not a good thing for the future of Social Security. Cuts that come in as income is earned is an anemic way to stimulate the economy. Those making less than $30,000 a year would be better served with a one time check for $1,000 that they could put to use immediatel­y. That would give the economy a jolt and create jobs. I am not certain that a small amount of additional income would create enough demand to make a difference in demand. No one making more than $60,000 a year should get a check. The unemployme­nt benefits go tor those most in need and should be extended. Most of all, we need a huge jobs plan that would put businesses and the unemployed to work re-buildin­g highways, bridges, roads, and schools.
Read the Article at HuffingtonPost

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