Obama Jobs Plan Tax Cuts Threaten Social Security


The following video explains some of the problems with Obama’s jobs plan. You have to follow along closely and sort of know what the speaker means. He sometimes gets a little tongue tied and uses words like Fed tax on cash reserves they hold for banks. He clearly means interest paid to those banks as he stated a little earlier. Later he talks about “taxing” the banks, meaning charging them instead of paying them. At that point he really means the words he is using.


Another nice feature is that the interviewee corrects Paul Jay’s incorrect assumptions in some of the questions that Jay asks.

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