We can’t afford Schumer’s jobs
Give Senator Chuck Schumer (D-NY) credit for staying on message during the debt limit negotiations in Washington: Jobs! Jobs! Jobs!
Of course, Schumer sidesteps who gets to pay for the jobs, who gets to choose the jobs, and how efficient job creation should be. Nor should he really care . . . since the Job! Job! Job! of importance to Schumer, is his own job leading Democrats in the Senate.
So, should the government create jobs or should individuals in the marketplace create jobs? Last time the government stimulated jobs, more people lost jobs than were predicted, and the cost per job "saved or created" was so high it would have been cheaper to pay people to hold up "I love the stimulus!" signs.
We can’t afford this kind of progress. A recent Congressional Budget Office report concluded that before the stimulus became law, federal debt equaled 36 percent of GDP, trending downward. Mostly because of the stimulus, debt in 2010 reached 62 percent of GDP. For the last 40 years, government has averaged 18.5 percent of the economy. Thanks to this administration and Senator Schumer, the government has become the economy.
As to who gets to choose the jobs and who gets to choose who takes those jobs, the Sen. Schumer government hand-out-to-special-friends jobs corps is not what we need.
As far as how efficient job creation should be, the CBO Report gruesomely predicts, that "at various points on the income scale would pay a larger percentage of their income in taxes than people at the same points do today" and that the effective marginal tax rate on labor income would rise from about 25 percent now to about 35 percent in 2035.
Schumer proudly asserts he works for the public sector, and never took a job in the private sector. Enough public sector! Unleash the commercial marketplace. Jobs created in the private sector serve people’s needs, not yours. They are the kind of jobs with a future. While you are at it, please stop misplaced public relations bullet points, buckle down, and cut the debt. We can’t afford your overblown public service sector.
Rather than jobs, Schumer has produced a desert where 91 weeks of unemployment paid for by other people’s money certainly have not put people to work. Schumer’s credentials for job creation are mighty thin, but don’t expect him to stop trying.