CBO: Dems’ numbers add up on jobs bill

[alp227]

President Obama has made a variety of claims about the American Jobs Act, most notably the fact that the bill would boost the economy — and be fully paid for. How do those claims stand up to scrutiny? According to the non-partisan CBO, pretty well.

The Congressional Budget Office on Friday confirmed that President Obama’s jobs bill would be fully paid for over ten years and also gave its seal of approval to a Senate Democrat version that includes a surtax on millionaires. (…)

CBO also said that the bill “could have a noticeable impact on economic growth and employment in the next few years.”

All told, the American Jobs Bill, the CBO concluded, would reduce the deficit by $3 billion over the next 10 years, and that doesn’t factor in potential savings associated with increased revenue from a healthier economy.

full: http://www.washingtonmonthly.com/political-animal/2011_10/cbo_dems_numbers_add_up_on_job032697.php

[spartan61]

1. But, but, wouldn't that make Obama look good and

win him re-election? Afterall, didn't McConnell say that the goopers mission is to only let the president have one term? This CBO report can't be told to the American public. Obama's jobs bill must be voted down.:sarcasm:

[LiberalFighter]

2. We all know that Republicans don't care what happens to the economy

as long as it results in Democrats being defeated.