If House Democrats are sinking to a new low by using their subpoena power to rummage through the President's personal tax returns, you wouldn't know it by the way they have been treated on CNN over the past few days. Hosts on the liberal cable network have routinely lobbed softballs at Democratic interviewees, while challenges to the legitimacy of their quest see the President’s taxes were few and far between.
Today, the Congressional Budget Office released a report informing readers that extending unemployment benefits for a year, an outlay which would cost the federal government $30 billion, would, because of its allegedly stimulative impact, generate 300,000 jobs.
Even if true, neither the CBO, nor the Associated Press in covering the report, noted that this result works out to a cost $100,000 per job. Bravely assuming that each new job created pays $40,000 per year, that's a $60,000 loss in value received compared to money spent. The government's tax take at all levels on that amount of earnings is likely about $10,000 or so. All of this is apparently considered pretty smart by the AP's Sam Hananel and a quoted leading Democrat: