Sen. Joe Lieberman says President Barack Obama’s jobs bill is “well-intentioned,” but he plans to vote against it because it would add a half a trillion dollars to the debt.
“To me, the number one thing we should do to get our economy going again is to deal with the debt,” Lieberman said today during an appearance on “Fox and Friends.” “And the president’s jobs bill costs almost half a trillion dollars.
“That’s money we don’t have and therefore, we’ve got to raise taxes, maybe cut spending to finance that bill,” said Lieberman, a Connecticut independent who caucuses with the Democrats. “I’d much rather save it for a real genuine debt reduction program.”
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Obama's jobs bill faces a critical test today in a vote in the Senate, where it appears likely to die at the hands of Republicans opposed to stimulus spending and a tax surcharge on millionaires.
Meanwhile, the country’s fate is in the hands of the 12 members of the congressional supercommittee trying to come up with $1.2 trillion in budget cuts before Thanksgiving, Lieberman said.
Little information on the progress of the supercommittee has been revealed, said Lieberman, who compared it with the “College of Cardinals convening to choose the pope” when asked about the committee’s work.
“The answer is you don’t know until there’s a decision made,” he said. “The future of our country really is in the hands of these 12 people. If they fail we are on the road to going over the fiscal cliff. We’ve got to cut our debt or else we not going to continue to be the country we want America to be. It’s up to these 12 people and they’ve got to compromise they can’t play partisan politics or be ideological ridged, this place works on compromise.”
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