{West Virginia}...Senator Joe Manchin, D-W.Va., says he will support some, but not all, the provisions in President Obama's American Jobs Act. Manchin says the projected deficit for fiscal year 2012, which begins October 1st, is $1.1 trillion, and he has serious reservations about the proposals. Manchin says, "If spending money would solve our crisis in America, we wouldn't have a problem right now." Obama's jobs legislation would cost close to $450 billion, which includes a proposal to extend payroll cuts for another year on money going to the Social Security Administration. Manchin says payroll tax cuts sound good. They would increase from a 2 percent to nearly a 3 percent reduction, and it will cost $240 billion to extend that for another year, but it cripples and does irreparable damage to Social Security. Manchin says he's not sure people realize that.
