Tuesday, June 7, 2011

Stimulus spending

A study by Conley and Dupor found that the $500 billion in stimulus spending did create or save 443,000 government jobs, but destroyed 1 million private-sector jobs. Government jobs do not generate revenue and on top of it million workers who lost out on those private sector jobs have to be paid unemployment and then go on food stamps or even social security causing the deficits to rise further.

No comments: