Home > Uncategorized > Crooks and Liars – C&L Opening Bell: Mitt Romney’s Ass-Tastic Idea for Unemployment Insurance Edition

Crooks and Liars – C&L Opening Bell: Mitt Romney’s Ass-Tastic Idea for Unemployment Insurance Edition

From Crooks and Liars:

C&L Opening Bell: Mitt Romney’s Ass-Tastic Idea for Unemployment Insurance Edition

By Brad Reed | Posted: 15 Dec 2010 06:00 AM PST

Happy Wednesday, campers! Mitt Romney yesterday engaged in a pathetic pander to Dittohead Nation by honoring their time-honored tradition of trashing the unemployed. Let’s take a look at what our pal Mittens had to say:

The system is also not designed for a flexible economy like ours in which some employees move from job to job for short periods, and are therefore ineligible for unemployment compensation when they are faced with a protracted spell without work.

To remedy such problems we need a very different model, perhaps establishing individual unemployment savings accounts over which employees would exercise direct control when they lose their jobs, or putting in place financial incentives for employers to hire and train the long-term unemployed. One thing is certain: While we cannot rebuild our flawed system overnight, we are surely not required to borrow the funds to pay for it. In spending $56.5 billion to extend benefits, the deal is sacrificing the bedrock Republican principle that new expenditures be paid for with offsetting budget cuts.

That last sentence is the most hilarious pile of horses*** I’ve read in a long, long time. Let’s go through some of the wonderful Republican initiatives over the past decade and see if they were offset by budget cuts:

  • The cost of extending the Bush tax cuts for the rich for the next two years will be $79 billion, or more than $20 billion more than the cost of extending unemployment benefits. Mittens sees no need to pay for these.
  • The Iraq war has cost us close to $750 billion. Did the GOP try to offset those costs with tax increases or budget cuts? Pffffffft!
  • And then there’s TARP, the $700 billion bank bailout that had no guarantee of seeing any return on investment. Again, did the GOP insist on making cuts or raising taxes to pay for this? Nope.

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