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Friday, December 4, 2009

Pelosi: Americans Would Accept More Red Ink in Return for Jobs

More debt will create more jobs according to Nancy Pelosi. Nancy urges more government spending to increase job growth. Yes the California liberal is falling back on the old and time tested Keynesian idea that government can create jobs. There seems to be little doubt that massive amounts of government money (your money) will in the short run create more jobs, the catch however is what kind of jobs and for whom. The Democrats keep talking about infrastructure jobs--roads, bridge, public works projects, etc. while insisting that these new jobs have only union workers. They would also increase the number of workers on the public payroll at the city, state and federal level. Sadly all these new jobs create nothing, they simply take from the public treasury while putting little back. Nancy wants jobs, not for everyone, but for those who traditionally support Democrats---big labor, government workers and other such groups. More red ink for more jobs, yes that's a great plan if you are a Democrat and not the man on the street who must pay through the nose to provide for Nancy's supporters. This California Democrat would drive the United States government into the same ditch that those in California find themselves in now. They never learn.
Pelosi: Americans Would Accept More Red Ink in Exchange for Jobs

House Speaker Nancy Pelosi says Americans could "absorb" higher deficits in exchange for more jobs.

Building the case for a brand new jobs-creation bill, House Speaker Nancy Pelosi says most Americans would not mind inflating the already-gaping deficit in exchange for more jobs.

The California Democrat said on a conference call Tuesday that Americans could "absorb" the hit to the federal budget, and she argued that their biggest complaint is not that the deficit is big -- it's that they're not seeing any benefit in return for increasing the U.S. debt load.

Despite the $787 billion stimulus package passed in February, unemployment climbed to 10.2 percent in October. While critics cite the jobless rate as a sign that the stimulus has failed, Pelosi argues that the federal government is just not trying hard enough.

"We have to shed any weakness that anybody may have about not wanting to be confrontational on this subject for fear that we'd be labeled not sensitive to the deficit," Pelosi said, in a recording posted by Think Progress. read more from FOX

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