From “Obama’s 2011 Budget: Targeted Stimulus Focused on Jobs”:
“As part of the $3.8 trillion budget President Barack Obama submitted to Congress Monday, he proposed about $100 billion in spending to address the nation’s immediate problems of unemployment and economic weakness. The funds will go to tax cuts for small businesses, more spending on social safety net programs, and increased aid to state and local governments, as well as investments in clean energy and infrastructure.
“‘So many people are still struggling — when one in ten Americans still can’t find work, and millions more are working harder and longer for less — our mission isn’t just to grow the economy,’ he said. ‘It’s to grow jobs for folks who want them, and ensure wages are rising for those who have them.’” (Click here for more)
WATCHDOG: Two wags of the tail! To return to prosperity, pay our debt, and provide for future generations, we must get people back to work. There is no greater waste than idle plants and workers.
That is not to say that deficits don’t matter. The Watchdog was growling about the deficits all through the prior Bush administration. And he will again….once we get a significant drop in unemployment.