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Dems Want Jobless Cash Until Elections

From those deficit hawks at the Associated Press:

Senate to take up unemployment insurance extension

By Andrew Taylor, Associated Press Writer Tue Mar 9

WASHINGTON – Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year.

The measure also prevents doctors from absorbing a crippling cut in Medicare payments, extends health insurance subsidies for the unemployed and gives cash-starved states help with Medicaid, the federal-state program providing health care to the poor and disabled.

Also known as hiding additional billions in costs for Obama-care in another bill.

The unemployment insurance alone — to provide weekly unemployment checks averaging above $300 to people whose core 26-week benefit package has run out — will cost $66 billion through December. In some states people are eligible to receive benefits for up to 99 weeks.

We guess extending unemployment benefits only until the first week of November would have been too obvious, even for the Democrats.

The bill, and the test vote Tuesday, demonstrate the difficulty Democrats face as they focus on jobs. It doesn’t include new ideas for boosting jobs, but instead reprises elements of last year’s $862 billion economic stimulus bill, which is earning mixed reviews from voters.

Simply extending those provisions has produced a far more expensive measure than a separate so-called jobs bill that Democrats hope to soon send to President Barack Obama. That measure would boost highway spending and give tax breaks to companies that hire the unemployed and could clear the Senate for Obama’s desk this week.

So this $150 billion dollar bill is not the end. There is yet another ‘jobs bill’ coming down the tracks. One that will do all the things that we were promised the ‘stimulus’ would do.

(But of course the ‘stimulus’ money is being used elsewhere. ‘Healthcare reform’ votes don’t come cheap.)

However, lest we forget, we were told by our watchdog media just a couple of weeks ago that Mr. Reid put the kibosh on a ‘bi-partisan’ jobs bill that contained all of these measures because it was too expensive.

That bill was to cost $85 billion. How much will these three bills we are getting in its place going to cost?

So far we have last week’s $10 billion ‘temporary’ unemployment and COBRA extension, and this week’s $150 billion – with the promise of still another multi-billion dollar ‘jobs bill’ next week.

But that $85 billion dollar bill was "too expensive."

All told, the measure would add $107 billion to the deficit over the coming decade. Democrats have labeled most of the bill an emergency measure, exempting it from stricter budget rules enacted just last month.

Of course they have.

For those of you playing at home, this "stricter budget rule" is also known as PAYGO. Which was the centerpiece of Mr. Obama’s "new era of fiscal responsibility."

But it now turns out that any spending bill will be exempted, since any spending Congress wants is an "emergency."

Democrats need to muster at least one Republican vote Tuesday to reach the 60-vote threshold needed to limit debate and guarantee an up-or-down vote. But Sen. Susan Collins, R-Maine, provided crucial help last week to keep the measure out of another procedural tangle, and Democrats sound confident they will prevail

Of course the Democrats will prevail. There will be no more tiresome Jim Bunnings.

Our watchdog media has seen to that.

This article was posted by Steve on Tuesday, March 9th, 2010. Comments are currently closed.

3 Responses to “Dems Want Jobless Cash Until Elections”

  1. proreason says:

    I hope we have some backup printing presses.

    • JohnMG says:

      We won’t be able to afford the ink or the paper. Debit cards are the way to go. You can just put more money on them electronically.

  2. GetBackJack says:

    You can’t ruin America until you completely debauch the value of its currency.

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