Tuesday, February 16, 2010

Only some things considered.

NPR's All Things Considered read a letter today about a story they ran in which an economist suggested that creating jobs in the government costs about $200,000. The letter writer disputed the number quoting a rival economic study saying it was "only" $92,000. The NPR anchor opined, "it all depends which economist you listen to."

Could they really have missed the point so badly? Lets assume the lower number is right. Do you think the average employee in these "created jobs" is going to be paid $92,000? Is that what the jobs are worth? Or just what they cost? If they are worth less than what they cost, who is paying the difference? Taxpayers right? How many jobs does this extra tax burden destroy?

And of course, since the government seldom really produces anything, whose jobs are paying for these new ones? Would we not have been better off if we required these employees to get a real job?

I guess they don't pay radio reporters to think.

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