CBO: Jobs 'created or saved' cost $228,055 each

[Sidewinder]

Yeah. But that's only about a fourth of what a City Manager in California makes...not including pension and health insurance.

http://nation.foxnews.com/stimulus-m...st-228055-each

CBO: Jobs Created or 'Saved' by Stimulus Cost $228,055 Each

Politics
February 24, 2011

By Matt Cover

The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).

In a report released Wednesday-"Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010"-the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO's original estimate that the stimulus would cost $787 billion.

In the same report, the CBO estimated that in the fourth quarter of 2010 there were somewhere between 1.3 million and 3.5 million people who were then employed who would not have been had the stimulus not been enacted. "CBO estimates," says the report, "that ARRA's policies had the following effects in the fourth quarter of calendar year 2010: ... Increased the number of people employed by between 1.3 million and 3.5 million."

This estimate seeks to state the net impact the stimulus had on the number of people employed in the United States as a result of the stimulus, taking into account not only the new jobs believed to be created and the existing jobs believed to be killed by the stimulus, but also the existing jobs that were saved that otherwise would have been lost.

[Richard Tafoya]

Let's say each of those jobs lasts ten years at an average of $50,000.

3.5 million jobs x $50,000 x 10 years = $1.7 trillion flowing through the economy over ten years from an initial investment of $821 billion.

And the tax revenues attached to the payroll and sales taxes and business taxes stemming from that money moving through communities will go a long way toward reducing our debt and deficit.

That's a winning investment.

[db44]

Let's say each of those jobs lasts ten years at an average of $50,000.

3.5 million jobs x $50,000 x 10 years = $1.7 trillion flowing through the economy over ten years from an initial investment of $821 billion.

And the tax revenues attached to the payroll and sales taxes and business taxes stemming from that money moving through communities will go a long way toward reducing our debt and deficit.

That's a winning investment.

This is the real trickle-down economics. The type that helps. Not letting private folk horde the money we were promised they'd pump back into the economy.