Wednesday, September 14, 2011
The answer to our young equestrian's question is, of course, that a horse's digestive system is long, complicated, and not designed to create applesauce. Similarly, the governmental system is long, complicated, and not designed to create jobs. In fact, the government system produces exactly the same thing that a horse does...but in greater quantity and at far higher cost.
But that hasn't stopped Barack Obama from saying that his "American Jobs Act" will cause the government to magically start excreting jobs ("topped with cinnamon!") if he's just given another half-trillion dollars to feed into the beast.
And where is that half-trillion dollars going to come from? If you said those "evil millionaires and billionaires" who earn $200,000 a year running businesses, you'd be partially right. But surprisingly, with the nation's poverty rate at new, shocking highs, you could just as accurately say that Obama wants to take that money from the poorest people in America. But how?
Simple. Despite claiming in his alleged jobs speech that his plan would be entirely funded through spending cuts, almost 90% of the president's plan would be funded by eliminating deductions for charitable giving. Which means the poor won't get the efficiently (and privately) administered money, benefits, and services they desperately need...and Obama will use their money to buy votes, "creating" short term jobs at an average cost of over $250,000 each after the money has worked its way through the system.
And if that's not horseshit, we don't know what is.