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The Matrix

Journal Jeremiah Cornelius's Journal: "riding a trojan horse to a date rape" 9

Don't look now, but the "jobs speech" everyone from Krugman to Brooks is swooning over at The New York Pravda basically starts the Social Security defunding by cutting the payroll taxes paying for it.

...The centerpiece of the bill, known as the American Jobs Act, is an extension and expansion of the cut in payroll taxes, worth $240 billion, under which the tax paid by employees would be cut in half through 2012...

So the jobs bill depends on the confidence fairy to make industry create jobs with all that extra money they would have put into Social Security.

The pseudo-stimulus is just a pink ribbon on the pony.

And who cares who gets sloppy seconds?

7:07 AM

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"riding a trojan horse to a date rape"

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Anyone can make an omelet with eggs. The trick is to make one with none.