How obama will pay for the jobs bill or second stimulus

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—$400 billion from limiting the itemized deductions for charitable contributions and other deductions that can be taken by individuals making over $200,000 a year and families making over $250,000;
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that is the dumbest thing i've heard of. it is all about making the government more powerful and the one to dole out money instead of the citizens.
 
Actually, the jobs bill tasks the Super Committee with coming up with the money to pay for it and if it can't then the limitation on charitable deductions for high income earners kicks in.
 
In an ideal world, the jobs bill would be paid for by borrowing money at historically low real interest rates that are negative for short term debt and zero for the ten year. But we don't live in an ideal world. We live in a dumbass world. Where I'm sitting, this dumbass idea isn't any better or worse than the other dumbass proposals to "pay for" the jobs bill.
 
David St. Hubbins said:
In an ideal world, the jobs bill would be paid for by borrowing money at historically low real interest rates that are negative for short term debt and zero for the ten year. But we don't live in an ideal world. We live in a dumbass world. Where I'm sitting, this dumbass idea isn't any better or worse than the other dumbass proposals to "pay for" the jobs bill.
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how does borrowing money equal "this is paid for"? your answer to nearly everything is borrow, how do we pay this back? where does the money come from?
 
Most Americans favor taxing the rich more.

Why do Republicans hate majority rule?
 
Yurt said:
so it is the same thing but just passing the buck. typical of you and obama.
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Real short term interest rates are negative. It is cheaper to borrow money right now than it is to tax productive endeavors. Not borrowing more now is eminently stupid, particularly in light of present economic conditions.
 
David St. Hubbins said:
Real short term interest rates are negative. It is cheaper to borrow money right now than it is to tax productive endeavors. Not borrowing more now is eminently stupid, particularly in light of present economic conditions.
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no. wrong. if you didn't have to raise taxes later, you would have a point.
 
Yurt said:
no. wrong. if you didn't have to raise taxes later, you would have a point.
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Why? And raising taxes isn't the only option I suppose. You could cut spending elsewhere later. Basically, whatever you propose now to "pay for" the jobs bill could be done as cheaply or more cheaply later. And given that aggregate demand is exceedingly low right now, spending on the jobs bill without making cuts elsewhere is the preferable policy.
 
David St. Hubbins said:
Why? And raising taxes isn't the only option I suppose. You could cut spending elsewhere later. Basically, whatever you propose now to "pay for" the jobs bill could be done as cheaply or more cheaply later. And given that aggregate demand is exceedingly low right now, spending on the jobs bill without making cuts elsewhere is the preferable policy.
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wait a minute, if you borrow money, you have to pay it back. the only way that makes sense if you make a profit on the money borrowed. explain to me how you believe that will happen here. thanks.
 
Yurt said:
wait a minute, if you borrow money, you have to pay it back. the only way that makes sense if you make a profit on the money borrowed. explain to me how you believe that will happen here. thanks.
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Real interest rates are negative on short term debt and 0 on the ten year.
 
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