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“Stimulus” Bill Jobs

Some statistics…

  2008 US Revenue………$2,660,000,000,000
  2008 US Expenditures….$2,900,000,000,000
  February 2009 US Debt..$10,721,000,000,000
  2009 “Stimulus” Bill
     Senate Version………$838,000,000,000
     House Version……….$820,000,000,000

  US Population……..305,625,184
  2008 Job Losses……..2,600,000 (0.8%)
  Current Unemployment..11,600,000 (3.7%)
  “Stimulus” bill jobs…4,000,000 (1.3%)

So, if we take the house version of the stimulus bill and instead of using it for government programs just gave it to four million of the 11.6 million people out of work.  We could give them each $205,000.  If they spread this over four years they would have over $50,000 “income” each year.  If we spread it over all the currently unemployed they would each have a “salary” of $70,689 for this year.

What if we instead gave this money to small businesses.  Since a small business actually makes money they need less of it before they can hire someone.  A small business with $70,689 extra would likely be able to hire several individuals who could each potentially make as much or more.  If it worked like this we could eliminate unemployment and increase government income by almost as much as the “stimulus” bill is costing us.  Of course it doesn’t work like that for a variety of reasons.

We are borrowing this money from our grandchildren in order to cut 3.7% unemployment to 2.4%?  The problem is that our economy is so good that it might even weather this massive outlay of socialism and actually drop unemployment to 2.4% level projected.  If it does though it will be in spite of this so called stimulus bill not because of it.

Categories: Politics
  1. February 17, 2009 at 11:03 am

    Leigh, this sounds exactly like something I would come up with. I’m a number cruncher too with the exception that I’m not as smart as you. I know that I am no economy expert by any means, but I just can’t figure out how going further into debt (especially on some of the things they’re spending it on) is really going to help the economy in the long run. I know government budgeting is different than our household budgeting or at least that’s the claim, but I know that would never work for our household and ministry budget — no matter how good the intentions were to help other people.

    I actually was just reading something online, saw the quote I’m about to paste, and thought of you. Not because I believe it’s theologically accurate — this person doesn’t understand Christianity for sure but then again, it’s not a theological point being made. It just stood out to me as I was reading and I thought of some of your recent posts so here it is: “Capitalism without bankruptcy is like Christianity without Hell — it doesn’t work otherwise.”

    • leighriffel
      February 17, 2009 at 1:15 pm

      Are you sure it’s not a theological point? It sounds accurate to me, but then I’m a capitalist. We left capitalism quite some time ago, and are at least half way into complete socialism. Next up, communism (of course they won’t call it that).

  2. February 17, 2009 at 11:04 am

    I’m not sure why Dan’s picture showed up. I don’t know anything about WordPress, but it was me (Karis) who made the comment. 🙂

    • leighriffel
      February 17, 2009 at 1:12 pm

      I figured it was you because of the self deprecating “I’m not as smart” comment. Maybe you can ask Dan to change his profile picture to one that has you both in it, or you could get your own account.

  3. February 17, 2009 at 3:50 pm

    I guess the “theological” part that got me to thinking was that so often Christianity is seen as an escape from Hell, but it’s so much more than that. I’ve had friends say that they don’t want to live a boring Christian life but they also don’t to go to Hell so — that’s what I thought of when I read that Christianity without Hell wouldn’t work/advance just like capitalism without bankruptcy wouldn’t work/advance (my paraphrase — here’s another self-deprecating comment because I’m feeling rather un-sure of myself because I know your mind truly is several steps ahead of mine — I’m not sure if I’m doing this quotation justice but these are my reflections. I always have to ask Dan to explain things to me. Then, the light comes on and stuff really starts going in my brain once I’m going down the right path.).

    Do we (I) only “want” God because we want to avoid Hell? This quote/contrast really made me think about my heart and about my relationship with God being made right because of His Son’s death on the cross rather than an escape from Hell because of His Son’s death on the cross.

    Obviously, I’m way off the capitalism subject at this point… Gotta’ go get supper. Good “chatting” with you. 🙂

  4. leighriffel
    February 18, 2009 at 1:09 am

    I see. You took it to a far deeper level than I was thinking of. I’m caught up now. Thanks for taking a few steps back to bring me up to speed.

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