Posted on 09/07/2011 3:25:57 AM PDT by Son House
The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).
...a report released Wednesday-"Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010"-the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO's original estimate that the stimulus would cost $787 billion.
In the same report, the CBO estimated that in the fourth quarter of 2010 there were somewhere between 1.3 million and 3.5 million people who were then employed who would not have been had the stimulus not been enacted. "CBO estimates," says the report, "that ARRA's policies had the following effects in the fourth quarter of calendar year 2010: ... Increased the number of people employed by between 1.3 million and 3.5 million."
This estimate seeks to state the net impact the stimulus had on the number of people employed in the United States as a result of the stimulus, taking into account not only the new jobs believed to be created and the existing jobs believed to be killed by the stimulus, but also the existing jobs that were saved that otherwise would have been lost.
(Excerpt) Read more at nation.foxnews.com ...
I bet they were all “union” jobs.
What has happened to the other 78,055 dollars?
Where did all the money go? I wasnt aware it had all been spent yet. </snort>
Not much bang for the buck....actually, a big waste of a lot of bucks!
And they were temporary. When the money ran out, so did the jobs.
All they did was push the can down the road while piling on massive debt that still must be paid in the future.
The jobs are gone but the debt isn’t.
Total fools.
True Cost of Stimulus: $3.27 Trillion
http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-trillion/
All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?
Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.
[see the table below]
Its far worse.
The “stimulus” was only about a trillion dollars over several years. That was a slush fund.
The real money has been in the 1.4+ trillion dollar deficit spending each year. All of that was essentially stimulus because it wasn’t paid for. It has to come out of future spending.
Yep. My #9 is the short version of that...
It’s just like aid to African countries. Most of the money is spent on Mercedes Benz’s for the various ministers, parties and yachts. With what ever is left over they build a clinic with it.
What has happened to the other 78,055 dollars?
“Administration costs” and DNC donations courtesy of the tax-payer financed money laundering scheme...
Just think, if we borrow all the money in the world we can put everyone back to work for a good six months. Party, party, party.
Seems to me that, with $228,000 a private citizen could start a franchise business and end up employing 30 or more employees. Considering how much taxes some high income people actually pay, it is not unreasonable that reducing tax rates could result in a couple hundred thousand in their pocket, and that they would start a business.
Makes perfect sence to me. To keep 20 people productively employed you have to pay for a project which would likely have a multi-million dollar price tag. This is how the government creates jobs. The other option is to expand government which also creates jobs. Thats what people want and thats how it is done, no free lunch.
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