Even Obama’s supporters laughed today when he said his latest $447 billion stimulus plan is fully paid for.
President Barack Obama, accompanied by Vice President Joe Biden, and others, holds up a copy of his American Jobs Act during a statement in the Rose Garden of the White House in Washington, Monday, September 12, 2011. (Yahoo)
Wow. Not even Obama’s supporters take him seriously.
From his speech today as posted at the White House website:
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And the American Jobs Act is not going to add to the debt — it’s fully paid for. I want to repeat that. It is fully paid for. (Laughter.) It’s not going to add a dime to the deficit. Next week, I’m laying out my plan not only to pay for this jobs bill but also to bring down the deficit further. It’s a plan that lives by the same rules that families do: We’ve got to cut out things that we can’t afford to do in order to afford the things that we really need. It’s a plan that says everybody — including the wealthiest Americans and biggest corporations — have to pay their fair share. (Applause.)