Brother, can you spare $92,000?
May 12, 2009
The White House released some new numbers on the stimulus today. The one that's getting the most attention is $92,000. That's how much it will cost to create or preserve each stimulus-related job. Do I even need to relay the snarky rejoinder to this?
But the number is more complicated than it seems. Building a bridge creates a certain number of jobs. But it also requires you to buy a lot of cement. Cutting taxes for small businesses helps preserve jobs. But it does that by helping them pay the rent. Pumping billions into Pell grants helps kids secure better jobs because they can graduate from college. But it really just replaces tuition that would otherwise be paid by richer families...
The White House released some new numbers on the stimulus today. The one that's getting the most attention is $92,000. That's how much it will cost to create or preserve each stimulus-related job. Do I even need to relay the snarky rejoinder to this?
But the number is more complicated than it seems. Building a bridge creates a certain number of jobs. But it also requires you to buy a lot of cement. Cutting taxes for small businesses helps preserve jobs. But it does that by helping them pay the rent. Pumping billions into Pell grants helps kids secure better jobs because they can graduate from college. But it really just replaces tuition that would otherwise be paid by richer families...
posted by Connect Ohio at
7:53 AM
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