Obama's stimulus II paid for? Probably not

It appears that President Obama has exaggerated his claim from last night's jobs speech that his second stimulus can occur without new funds. "Everything in this bill will be paid for," Obama bragged. "Everything."

From AP:

President Barack Obama's promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions.

It will only be paid for if a committee he can't control does his bidding, if Congress puts that into law and if leaders in the future - the ones who will feel the fiscal pinch of his proposals - don't roll it back.

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