In a speech to a joint session of Congress this evening, President Obama introduced a $450 billion stimulus proposal plan he claimed would get Americans back to work. “There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for. Everything.”
Yet the president never fully explained how “everything” in his plan would be paid for (or why this stimulus plan would be more successful than the first). Instead, he punted that responsibility to the new “supercommittee” which had been tasked with finding ways to reduce the deficit, rather than pay for new spending.
