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Another Bad Jobs Number Showing the “New Normal” of Obamanomics

squiddy Wrote: Feb 02, 2013 6:01 AM
As many states double-down on this Administration's tax-and-spend policies, it's past time to eliminate federal deductions for state income taxes - other states are being forced to subsidize those high-tax states, diverting federal tax payments - if people want to live in states that enact obscenely high state taxes, that's their choice, but don't let them escape their federal tax obligations.
John120 Wrote: Feb 02, 2013 9:28 AM
Repeal the 16th Amendment. Federal income taxes should be unconstitutional.
wdwrkr Wrote: Feb 02, 2013 12:46 PM
John,
I agree that the 16th amendment should be repealed, as well as the 17th amendment. Further, the Fed gov't should be funded by the states, by apportioning the Federal budget among the states. The states may obtain the portion of their Fed funding obligation in any manner they choose (sales tax, income tax, etc.). Lastly, the states should be allowed to withold their portion of Fed funding unless congress PASSES A BALANCED BUDGET.
Pistol Wrote: Feb 02, 2013 6:19 AM
Good point, squiddy.

With states like Ca, Il and RI unable to pay their bills, and unfunded entitlements at every hand, it is inevitable that further attempts to punish solvent states with bailouts of failing states will arise. Is it too much to hope for, that any Congress member from a solvent state who votes for a bailout gets the ax next election? Personally, i'd vote for a yellow dog before I voted to re-elect a rep who voted to bail out the moonbeams in Ca or Chicago.

I almost feel sorry for the Obama Administration’s spin doctors. Every month, they probably wait for the unemployment numbers from the Bureau of Labor Statistics with the same level of excitement that people on death row wait for their execution date.

This has been going on for a while and today’s new data is another good example.

As this chart indicates, the White House promised that the unemployment rate today would be almost down to 5 percent if we enacted the so-called stimulus back in 2009. Instead, the new numbers show that the jobless rate is 7.9 – almost 3.0...

Related Tags: Jobs Obamanomics