Beating Buffett

Obama to Propose $300B for Jobs

In his speech Thursday, President Obama will ask Congress to pump $300 billion into the economy for job creation—mainly through tax cuts, infrastructure spending, and direct aid to state and local governments, sources told Bloomberg News on Tuesday. As part of the long-term deficit-reduction package, the president will reportedly ask Congress to offset the cost of these measures by raising tax revenues in later years.

This follows his pattern of buying votes now with other people’s money while pushing all the costs into years well beyond his own tenure in office.