Back in 2007, the Trojan Horse Democrats passed PayGo rules (http://www.washingtonpost.com/wp-dyn/content/article/2007/01/05/AR2007010500681.html) "aimed at reining in deficit spending and shedding more light on the murky world of special-interest projects known as earmarks." That lasted what, a month?

Five days ago Obama signed (http://thehill.com/homenews/administration/80981-obama-pay-as-you-go-rules-necessary-and-now-law-along-with-higher-debt-ceiling), with great fanfare, the Pay-Go law.

Today, Obama and the Dems are ready to waive Pay-Go (http://thehill.com/homenews/senate/81405-pay-go-gets-passed-then-it-gets-bypassed) to pass Stimulus II.


The ink is barely dry on the pay-as-you-go law, and Democrats are seeking to bypass it to enact parts of their job-creation agenda.

Democratic leaders said extensions of unemployment insurance and COBRA healthcare benefits should be emergency spending that isn’t subject to the pay-as-you-go statute, which requires new non-discretionary spending to be offset with spending cuts or tax increases.

With current extensions of unemployment and COBRA benefits set to expire at the end of the month and the jobless rate still near 10 percent, Democratic lawmakers want to pass the extensions quickly, without having to find offsets for the costs.

This year, facing record deficits and a debt that has exceeded $12 trillion, Democrats touted the new pay-go requirements as a necessary step to get spending under wraps. President Barack Obama signed the pay-go bill into law on Feb. 12 and Democrats are ready to waive those requirements to help get the economy going.

First, to what effect will Stimulus II be? Unemployment is higher after the first stimulus than before we spent a dime. Evan Bayh took a shot at Congress saying, "If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months."

Second, Pay-Go is once again a farce, you can't have exceptions to the rule. It's nothing more than a ruse to spend what they want and raise taxes later. Do our laws, like so many of Obama's campaign promises, come with arbitrary expiration dates?

And?? What did you expect ?

Ref:

Fed: Unemployment to stay high next 2 years in modest recovery - USATODAY.com (http://www.usatoday.com/money/economy/2010-02-17-fed-report_N.htm?csp=34)

Im sure the drop in unemployment is going to be from people no longer eligible for unemployment after it has run out. Nice thought huh?

The Republican began walking down that lane to minority when they let paygo expire in 2002 .
The Dems should take a lesson from that .
There is no need for stimulus II . The bulk of stimulus I has not been spent and probably will not be until they determine which Congressional districts are in play this year.

Here is the truth about shovel ready projects. You would think that construction jobs would need concrete ;right . So the concrete mfg in places like Pa. should ramp up production to meet the demand for the increased concrete sales. They in turn would be purchasing more heavy equipment from Caterpillar and use more energy ,increasing the demand for coal .
In theory that is what stimulus should bring .
But sitting in Harry Reid's desk is a cap and trade bill that is currently in limbo ;but the Dems clear would love to pass and make law.

That would increases the costs to any production that is heavily reliant on energy. So the concrete manufacturer is not hiring and expanding . He is holding onto his working capital or investing it conservatively . He is certainly not hiring .

Examples like this are happening all around the country . Business plans are on hold because they are uncertain of what regulations and government manipulations they will be subject to down the road.
This adm is anti-business and there is no way people with that attitude can stimulate the economy . I don't care how much money they print to fuel the pump. When they lose the business is evil attitude then recovery will come.

Examples like this are happening all around the country . Business plans are on hold because they are uncertain of what regulations and government manipulations they will be subject to down the road.

Here's one of those examples. A local service company with one, count 'em ONE, employee is selling off the employee's division to him to avoid mandated employee "whatever comes down the pike next".