The Plain Math of the Matter
House Chamber, Washington, D.C.
February 4, 2009
The mantra we hear from the Left is that government – rather than the productive sector – needs to create new jobs. According to our new President, the $825 billion spending bill will create 3 million new jobs.
That sounded pretty good to me at a time when our economy is hurting so badly, until I pulled out a pocket calculator and did the math. Three million new jobs for $825 billion. Ladies and Gentlemen, that comes to $275,000 per job!
That’s by the President’s own numbers. $275,000 – that will have to be paid back – with interest – by average Americans – for every job he – himself – says will be created.
Madam Speaker, we don’t need to stimulate government – government continues to grow just fine. We need to stimulate the productive sector – and the best way to do that is to get off its back.