Thursday, July 22, 2010

Obama Extends Long Term Unemployment Benefits

Obama signs an extension of long term unemployed benefits for 2.5 million jobless American, who been out of work more than 26 weeks. This will add $34 billion to the national debt. As Obama mocks to the GOP of grandstanding and politicizing, Republicans had to point out what Obama said 8 months ago.

On November 6, 2009, Obama said, "Now, it's important to note that the bill I signed will not add to our deficit. It is fully paid for, and so it is fiscally responsible." Therefore, signing this bill was another broken promise because Obama wouldn’t comply with the GOP request. The GOP wanted the cost of the bill be paid for government funds or by cutting some programs to pay it. The promise of the “Pay-Go” system Obama preached was another lie.

Read Story: Obama Changes Tune on Paying for Unemployment Benefits Extension