The Jobs Debate

Wednesday, September 14, 2011 - 8:37am

While the President is selling his jobs plan, lawmakers are trying to see if it will work.

Jobs - it's all lawmakers are talking about these days. How to create them, and how to pay for them.

While President Obama is in Raleigh, NC today pitching his plan, lawmakers are in Washington trying to decide if Americans can afford it.

Republicans say they're waiting for a price tag America can afford, "The debt has gone up by 40% because it was financed with borrowing, and yet he wants to go down that same path again," said Senator John Thune, (R) South Dakota.

The Deficit Supercommittee is looking for a trillion in savings, and is debating how paying for jobs will affect America’s bottom line, "The fastest and most effective way to reduce the deficit in the short term is to put Americans back to work," said Rep. Chris Van Hollen/ (D) Maryland

But the Congressional Budget Office warns, President Obama's plan may only work for a while, "Cuts in taxes or increases in spending in the near term will spur output and employment in the near term," said the Director of the Congressional Budget Office, Douglas Elmendorf.

Plus, Congress has other things to deal with first, "We have to fund before the end of the month. We've got to take care of the FEMA bill before the end of this week," argued Senate Majority Leader Senator Harry Reid, (D-NV).

Republican Speaker John Boehner introduces his jobs plan Thursday. "I hope he'll listen to our ideas, and I hope that he'll work with us to find common ground," said the House Speaker.

Tracie Potts, NBC News.

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