Senate Passes “Jobs Bill” 70-28
The Senate passed the first part of Porkulus II today as they look to pass several more. This bill has a price tag of $15 Billion, which seems like nothing compared to last years stimulus package
that ended up north of $800 billion. But wait, there’s more!
Immediately after the vote, Senate Majority Leader Harry Reid said he was readying a package of jobless benefits, state aid and tax breaks that the Senate could take up next week.
But the next bill could carry a much higher price tag, possibly well north of $100 billion.
A draft circulating on Capitol Hill would extend jobless benefits and healthcare subsidies for the unemployed through the end of the year. It would extend aid to states to help pay healthcare costs, and avert a scheduled 21 percent pay cut to doctors who see patients under the Medicare health insurance program.
I’ve said it before and I suspect I will say it again, extending unemployment benefits is counterproductive at some point. We have long since passed that point. As far as helping create jobs, we didn’t do much of that with the first 862 billion, I’m not really sure what they expect to accomplish with 15 billion. Remember the definition of insanity is repeating the same behavior expecting different results. Maybe we should try something new, you know, like maybe not spending money we don’t have.