Posted on 07/30/2013 9:35:37 PM PDT by Olog-hai
President Barack Obama—citing the job losses since he took office—said “the economy would be much better off,” unemployment would be 6.5 percent and the national deficit would be in decline if there were more federal, state and local government workers.
“If those layoffs had not happened, if public sector employees grew like they did in the past two recessions, the unemployment rate would be 6.5 instead of 7.5,” Obama said. “Our economy would be much better off, and the deficit would still be going down because we would be getting more tax revenue.” …
(Excerpt) Read more at cnsnews.com ...
How did that work out for everybody? The only ones who prospered were the government bosses, who lived on caviar and drove their fancy Zils to their private dachas!
That's where we are headed...
Example: a Federal Employee has a salary of 100K (forget benefits) - lets say they pay 40K in taxes - so as an individual they pay taxes but they don’t contribute to the tax base - the government’s real cost for that employee is 60K (multiplied by millions) - that money can only come from private sector tax payers - meaning all the government bills are really paid by the private sector. So the idea that people who work for the government will pay taxes and reduce the deficit is stupid.
cool...makes sense now...thanks!
I hear the next edition of Websters will have his picture next to the word in order to better explain the definition.
No, see using "Liberal Math" you can pay for government employees by taxing them if you can double the number of Government employees each year.
Its "new school" thinking...
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