This would be an excellent time to bring the President to heel. The GOP should force through the tax cuts WITHOUT any additional extensions of unemployment.
We are now talking THREE YEARS of unemployment. Three years.
Obama's National Economic Council Director, Lawrence Summers tells us,
"The more you extend unemployment, the longer unemployment lasts."153 weeks.
Almost 1100 days.
For the highest earners (Up to $15,000 in a quarter, the weekly benefit is $570.) That's over $87,000.
Three years. Man.... what an incentive to find work.
The president is bluffing. The GOP should require the budget to be cut, dollar for dollar, for each dime wasted on yet another year of give aways for those unemployed.
Obama is a gutless worm. He would have caved... and maybe, he still will... like he's caved on many of his campaign promises that he lied to us about. The GOP should hold firm, ram the cuts through and dare him to veto them... or lock up and do absolutely nothing until he does cave.
And for you leftists who saw him as the second coming of Lenin... well, how's that hope and change thingy working out for you now?
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