The Local Jobs for America Act proposes to spend up to $100 billion to create and save a million public and private jobs in communities this year. While a million jobs sounds like a huge number, let’s look at the money spent on that task and analyze the premise….
The money will go someplace, obviously, and therefore stimulate the economy. They might even create and save some jobs. But the number will be much lower than a million. And if it is, the arithmetic changes. If you think that $100,000 per job created is high, how about $500,000 or a cool million bucks?
Which raises the question: Could $100 billion best be spent to buy a smarter and more accountable Congress?