I find it interesting that the soon-to-be passed "bi-partisan" jobs bill is being hailed as a victory for the unemployed. This bill is supposed to offer tax exemptions and incentives to companies that hire the unemployed, along with a grab bag of $250 bonus checks for "cash-strapped" seniors on Social Security and more highway dollars.
Unfortunately, I can't wrap my head around this $15 billion package that is supposed to send only 250,000 people back to work.
Get your abacus out while I run through a little math with you. First, take $15,000,000,000 and divide it by 250,000. What do you get? The answer is $60,000. That's how much money it takes to create each job. Sounds like an awfully expensive and wasteful package.
Now, I understand there is a lot of money in there for seniors and highways, but it still doesn't make sense. Why doesn't Congress just give me $60,000 a year to plow my elderly neighbor's driveway (which I've already done three times this winter) and I'll give him $250 for some pocket change to buy some groceries and hard candy.
That sounds like a jobs bill I can believe in.
6 months ago