How will the American Jobs Act be financed?

The president said Thursday during his address to Congress that savings from the July 2011 debt ceiling negotiations will go toward financing the American Jobs Act. Watch the video below.

The American Jobs Act will not add to the deficit.  It will be paid for.  And here’s how. 
"The agreement we passed in July will cut government spending by about $1 trillion over the next 10 years.  It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas.  Tonight, I am asking you to increase that amount so that it covers the full cost of the American Jobs Act.  And a week from Monday, I’ll be releasing a more ambitious deficit plan -- a plan that will not only cover the cost of this jobs bill, but stabilize our debt in the long run."

"This approach is basically the one I’ve been advocating for months.  In addition to the trillion dollars of spending cuts I’ve already signed into law, it’s a balanced plan that would reduce the deficit by making additional spending cuts, by making modest adjustments to health care programs like Medicare and Medicaid and by reforming our tax code in a way that asks the wealthiest Americans and biggest corporations to pay their fair share.   What’s more, the spending cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small businesses and middle-class families get back on their feet right away."

Avoid Publishing and Freelance Writing Scams

Avoid Publishing and Freelance Writing Scams: - Sent using Google Toolbar
make sure to click the left hand thumbs up. they are trying to supres the worker!

Experts predict $100 billion downgrade cost | Video | Reuters.com

Experts predict $100 billion downgrade cost | Video | Reuters.com: "- Sent using Google
Toolbar"

#food The Real Reason Big Macs Are Cheaper Than More Nutritious Alternatives | Food | AlterNet

The Real Reason Big Macs Are Cheaper Than More Nutritious Alternatives | Food | AlterNet: "- Sent using Google Toolbar"

"In this chapter of that larger tragicomedy, lawmakers whose campaigns are underwritten by agribusinesses have used billions of taxpayer dollars to subsidize those agribusinesses' specific commodities (corn, soybeans, wheat, etc.) that are the key ingredients of unhealthy food. Not surprisingly, the subsidies have manufactured a price inequality that helps junk food undersell nutritious-but-unsubsidized foodstuffs like fruits and vegetables. The end result is that recession-battered consumers are increasingly forced by economic circumstance to "choose" the lower-priced junk food that their taxes support."

Yes, I go in the store to buy an apple and it is more expensive than the bag of chips but I still buy the apple and suffer later when I am hungry again--but that is just how I am.#weneedhealthyfoodsubsidies

*that is why we buy big macs--fewer hunger pains

Koch Brothers, ALEC and Their Corporate Allies Plan to Privatize Government | Truthout

Koch Brothers, ALEC and Their Corporate Allies Plan to Privatize Government | Truthout: "Florida State Representative Chris Dorworth (R-Lake Mary) introduced HB 1021. The bill sought to curtail the political power of unions by prohibiting public employers from deducting any amount from an employee’s pay for use by an employee organization (i.e., union dues) or for any political activity (i.e., the portion of union dues used for lobbying or for supporting candidates for office).

Furthermore, HB 1021 stated that, should a union seek to use any portion of dues independently collected from members for political activity, the union must obtain annual written authorization from each member.

In effect, this bill defunds public-sector unions—like AFSCME, SEIU, the American Federation of Teachers and the National Education Association—by making the collection of member dues an onerous, costly task. With public-sector unions denatured, they would no longer be able to stand in the way of radical free marketeers who plan to profit from the privatization of public services.

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We the People Should Pay Closer Attnetion: Say "NO" to Tax Cuts! - Associated Content from Yahoo! - associatedcontent.com

Say "NO" to Tax Cuts! - Associated Content from Yahoo! - associatedcontent.com: "- Sent using Google Toolbar"

"Paul O'Neill, Treasury Secretary, opposed the 2003 Tax Relief Act on the grounds that they would:
-fail as a growth stimulus
-increase inequality

-worsen the budget outlook considerably

The combined effect of the three tax cuts proved to have a substantial net negative impact on revenues according to the Economic Policy Institute. At least 450 economists took out an ad in the New York Times in February 2003 asserting that the Bush tax plan was not the answer to our sluggish economy."

Bringing Healthy, Affordable Food to Underserved Communities | The White House

Bringing Healthy, Affordable Food to Underserved Communities | The White House: "- Sent using Google Toolbar"
Thank You First Lady, Michelle Obama! I wish that somehow, qualified individuals from the food desert communities could be pulled to start these farmer's markets and fresh food oasis. Long-established black churches can offer recommendations from their trustee boards for youngish people to have stores where they live and raise families above the stores, if necessary or become off-site owners. That way, new wealth could be created in the communities they serve and those dollars can circulate in the community.

Those loans can be SBA/government-backed for a short period until profitability could be established. Local food suppliers, churches and the community would profit. It could even lead to new food suppliers establishing themselves and thus widen the economic chain. Those employers would employ people from the communities they serve. From the establishment of this economic circle, other retailers would enter the communities and those communities would flourish and become more autonomous. Just a thought.