What a Scam
Here’s the stimulus story in a sentence: The government — in which I’m including the entire structure from the town to the nation — insulated itself from the souring economy and is now attempting to justify and perpetuate the scam by touting its own health. A little bit of basic math puts this in perspective:
Nearly 650,000 jobs have been saved or created under President Obama’s economic stimulus plan, the government said yesterday, and the White House declared the nation on track to meet the president’s goal of 3.5 million by the end of next year.
A $787 billion program “creating or saving” 650,000 jobs comes at a price of $1.2 million per worker. Alright, fine, the whole amount hasn’t been spent, yet. But look at it this way: The federal government could have given 650,000 people the nation’s median income of roughly $52,000 at a total cost of $33.8 billion. For $50 billion, the government could have given one million Americans $50,000 and said, “You’ve got a year to figure out a way to make a living.”
It’s a matter of plain deduction to observe that a lot fewer people must be getting a lot more money thanks to government action.
Of course, as I began by implying, the audience of the government’s self-congratulations isn’t the group of people whom it merely represents. Rather, the government is advertising its success for the benefit of its real clients: its various codependents. Look to some of the details in Rhode Island:
Nearly all of the 1,489 jobs created or saved through the state’s allocation of funds were in three areas: corrections, education and labor and training. …
“There aren’t a lot of sustainable jobs in those numbers,” [gubernatorial spokeswoman Amy Kempe] said.
Transferring money from productive, economy-growing segments of the population in order to maintain the government workforce at a cost of over a million dollars per job is a teetering model.