reply to post by pmbhuntress
Not to sound harsh, because I don't mean to be, but in all honesty Obama has said all kinds of crap in pushing this that downright conflict and
contradict himself to the point that very little if any is believable.
The premise that spending the additional $878 billion and only stating that this will only gain or retain 3-4 million jobs is beyond ridiculous. 878
billion divided by 4million is 219500. $219,500 sounds like a heck of a wage right? Divide that 35, the minimal average years one of these lucky 4
million would work....$6371.43 per year.
That is if the whole amount was just a lottery for 4 million winners on a 35 year payment schedule.
An honest to god radical emergency stimulus would be to:
1. eliminate direct income tax...which would be an instant raise for all workers.
2. make up for federal revenues by charging a fair import duty
3. businesses no longer having to make matching contributions would have a surge in investment capitol
4. with the increase available personal income, money would be spent, invested or saved in banks (more investment) or perhaps be converted into start
up small businesses
5. to avoid import duties manufacturers, may look at domestic production
Total cost to taxpayer: zero. nada. nothing.
Total cost to government: zero. nada. nothing....other than actually having to do the job that they are paid to do in the first place.
And that plan would have fall in line with the Reduction in Paperwork Act than the 1100 page copies of the other bill did.