Quote:
Originally Posted by Tempest
http://online.wsj.com/article/SB1000...=ITP_pageone_1
Energy companies i.e. big oil expands due to the rise in the demand/price of oil over the last number of years.. people move to Texas.. they need more burger flippers, eduction and health workers to keep pace with the population growth.. 300k of the jobs were government jobs which they are now about to start cutting due to large budget shortfalls... Guess they're not getting enough tax revenue from all those burger flippers and all the low tax rates they handed out to big business.. Funny how that works... Perry had little to do with it all really other than the 300k government jobs. Oh.. And he used the Federal Stimulus money which he spoke out about, to do some stuff as well.. He was just along for the ride for the most part. I'm sure Texas's "bubble" will burst over the next couple years.
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What is great is the sound bite. "While I was Governor Texas employed expanded by ..." or words to that say the same.
What happens when it's examined closely is how those jobs were created. And were the people who moved to Texas already employed so just a shifting of jobs?
The problem is there's only one way to create real jobs that will last. Build, create, produce more at home and sell it, preferably overseas. And no US politician has a clue how to do that long term. Same goes for UK. They are cutting spending to repay the debt and the jobs lost are not being picked up by private enterprise.
Less Government spending = Less jobs.
Lower taxes = Less Government spending = Less jobs.
Less borrowing = Less Government spending = Less jobs.
Quote:
Originally Posted by kane
Is creating 300,000 government jobs that don't appear to really be needed better than paying someone to sit at home on unemployment? Now instead of paying them unemployment and likely food stamps and other potential assistance we are paying them a nice big salary and great benefits to take up space and shuffle paper around.
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It's cheaper to keep them unemployed. Cost of wages, accommodation at work, equipment, management and then doing what?