Thursday, May 31, 2012

How much does it cost to create a job?

A real one, not a government one.

Of course you must remember that the idea for the stimulus started under Bush...

But the way it was put together... what a waste of money.

But will anything be learned form this????

CBO: Obama Porkulus Spent $4.1 Million Per Job RUSH: "When [the American Recovery and Reinvestment Act] was being considered, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation estimated that it would increase budget deficits by $787 billion between fiscal years 2009 and 2019. CBO now estimates that the total impact over the 2009–2019 period will amount to about $831 billion. By CBO's estimate, close to half of that impact occurred in fiscal year 2010..." The bottom line is this: The amount of money that they calculate the stimulus will cost and add to the deficit equals $4.1 million per job created. That's the efficiency we got from the regime: $4.1 million per job. And the reason it's $4.1 million per job is because there weren't that many jobs created.

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