For full sources see youtube video: http://www.youtube.com/watch?v=VfiXq4pczOQ
President Obama introduced the American Jobs Act Thursday stating that it is paid for already. News reports state it contains $450 Billion in spending from tax cuts, infrastructure improvements and hiring local teachers and police. The problem is Obama never mentioned how it is already paid for. http://apnews.myway.com/article/20110908/D9PKLCU81.html http://www.reuters.com/article/2011/09/07/us-obama-jobs-idUSTRE78176520110907 http://hosted.ap.org/dynamic/stories/U/US_OBAMA_JOBS_FACT_CHECK
The Senate approved a $500 Billion debt limit increase Thursday under the terms of the debt limit deal passed last month. The limit is now $15.19 Trillion and the next debt limit increase should happen in the first quarter of 2012. http://blogs.wsj.com/washwire/2011/09/08/senate-approves-500-billion-increase-in-borrowing-authority/?mod=google_news_blog
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