Posted by
Old Retired Fart on Monday, November 24, 2008 3:12:01 PM
I was just reading about Obama's call for a new $700 billion dollar stimulus plan to support creating 2.5 million jobs over the next two years. Being the kind of guy I am, I did a little math, and here is what I came up with. If we spend $700 billion over two years to create 2.5 million jobs, those jobs will have cost us $140,000 annually--each. If on the other hand we just write a check to the 9.199,000 unemployed for each of the next two years, we could give them each $38,000 a year.
Does this seem way out of line to anyone other than me? Especially considering that every tax dollar that pays for these jobs came out of some other tax payers pocket, this is beyond ridiculous. Why on earth would we want to spend so much to get so little in return. Imagine the job creation you could get out of the private sector by just reducing the tax burden.
It never ceases to amaze me just how dumb our government thinks we really are.