That’s what this next election is going to be fought over. And that’s fine. What isn’t fine is the outright trickery with which Obama claims his new plan is going to be fully paid for off the bat.
He says the debt-ceiling super-committee, which has begun searching for $1.5 trillion to cut from the federal government, will find another $447 billion to pay for this American Jobs Act.
In the end, he offered no reason to believe that if it were entirely enacted it would actually do much other than act as yet another subsidy for the core of his base, unionized workers who already have jobs.
It was a corker of a speech, but it was nonsense on stilts — and its purpose was patent and cynical.
John Podhoretz, New York Post