This President just stood in front of the nation and told an outright lie. This is only the continuation of a mass slaughter for unemployed Americans. He specifically wants to make people think that he’s giving the unemployed thirteen more months of unemployment monies for those that are on unemployment now. Nothing could be further from the truth.
That's not what he said. I listened to the speech.
What Obama said he had done was extend the existing "99 weeks" unemployment welfare.
He did not say he was promising or providing even more time beyond that 99 weeks.
And let's cut the crap - this isn't "unemployment insurance."
IT IS NAKED WELFARE.
The original 26 weeks are indeed "insurance." That is, your employer pays a premium to both the government and private insurers (although the purchase thereof is mandatory) in order to "fund" this insurance. Your salary is reduced by the amount of that "contribution", even though it is a violation of Federal Law to itemize it - that is, to show you exactly how much you don't get paid as a consequence of this force-placed "insurance."
Just as with Social Security and Medicare "matches", employers are forbidden under Federal Law from disclosing to you exactly how much, itemized to the penny, you don't get paid as a consequence of these "contributions."
You may rest assured, however, that every single penny of those expenses is in fact a penny you are not paid, and that your employer knows each and every penny of this expense, literally to the penny, and takes same into account when setting your salary.
That is, you in fact pay every single dime of Medicare, Social Security, and Unemployment tax that is allegedly "contributed" by your employer. The Federal Government simply mandates and legalizes the fraud of your employer in not disclosing this to you.
But make no mistake: The rest of the "unemployment" payments are nothing more than welfare. You paid nothing into them. And what's even worse is that the so-called "payroll tax" credit isn't funded either!
This "deal", assuming that Pelosi has no sack and actually rolls over for this (despite her claim that there would be no more tax cuts without cuts in spending to offset them), is not misrepresented at all.
It's a screw job on everyone in America. It will drive our deficit over $2 trillion, assuming the back-of-the-envelope accounting that was done last night is anything close to accurate.
The fact of the matter is that America is broke. Talk to Obama about his "tax cut extensions" and addition tax cuts while ramping spending at the same time when there's no money to pay for it.
And while you're at it, listen to the Irish budgetary debate going on right now.
We're going to have that debate on the floor of our House in the coming years if this crap doesn't stop, and stopping it means that stupidity and outright lies from people like "America Speaks Ink" must end.
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