Saturday, August 20, 2011

"How Washington Could Create Jobs Right Now"

Michael Winship (Truthout-Op-Ed):

"We currently need about 8.2 million more jobs to reduce the nation's unemployment rate to 4.5%. Creating that many jobs in a program like the one described... would require a net increase in federal spending of about $235 billion during the first year... If the Bush-era tax cuts had been allowed to expire at the end of 2010, the federal government would have collected about $295 billion in additional revenue during 2011. This would have been more than enough to cover the cost of the job program." MORE...

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