Monday, September 12, 2011

Proposal

Let's see: 447E9\$ divided by 287E3\$/job is 1.55M jobs for a year. And the cost is 447E9\$ divided by 50E3\$/job means 8.94M jobs unfunded for lack of money. Assuming the thing is paid for. (\$50,000 was the median household income in 2006)

I ignore second-order effects, which are typically smaller. And I ignore the government overhead in the "job creation," which typically produces nothing but friction--no goods, no services, no security, no knowledge.

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