TAT
Lv 7
TAT asked in Business & FinanceInvesting · 1 decade ago

81,000 govt jobs have been created over the last year. The private sector has lost 5 million.?

Would things be better if things were reversed? How about cutting 81,000 govt jobs. Would the private sector then grow?

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  • 1 decade ago
    Favorite Answer

    ABSOLUTELY.

    Cutting big spending government would be a excellent strategy. And cutting taxes also can stimulate the economy.

    According to the National Center for Policy Analysis, the Bush tax cuts DID create jobs and stimulate the economy and took us out of recession in 2002.

    http://taxesandgrowth.ncpa.org/news/are-the-bush-t...

    Phantom tax cuts such as companies who have to hire people to get a tax break when the net change is still a cost to the company is not a tax break.

    Call me crazy, but to me, a true tax break is when you have to pay less that you ordinary would pay.

    The private sector grows via consumer spending. Consumers are spending more than they have over the last 2 years, but many are still technically in a tough situation over housing and jobs.

    Now, if you really want some "Transparency" I did some research into the government data on how jobs are calculated, and this should really open one’s eyes.

    Just a few articles on the subject. I cite all my sources with supported links to credible published data, where much data is directly from the U.S. gov.

    The problem is too many people don't look into the data; they just read the headline and follow it like sheep.

    "How The Obama Administration is Misleading The American Public About Jobs"

    http://profiles.yahoo.com/blog/CUXTCCBSBYDZODXWGYK...

    "Weather" or Not It's Jobs, It's Jobs

    http://profiles.yahoo.com/blog/CUXTCCBSBYDZODXWGYK...

    "More Obama Math: Stimulus and Job Saving is Far From Reality"

    http://profiles.yahoo.com/blog/CUXTCCBSBYDZODXWGYK...

    It's not that I am hammering the Obama Administration specifically; it's just that the truth would be nice for a "change."

    Source(s): --- Finance & Risk Management Consultant --- 21 years in the financial markets (see bio. add me to view post history)
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  • Ryan M
    Lv 7
    1 decade ago

    Cutting 81,000 government jobs is the equivalent of cutting 100 jobs in the private sector based on productivity!!! Last thing this country need is a BIGGER governmental workforce.

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  • Anonymous
    1 decade ago

    Cutting the govt jobs would help budget deficits but would not, by itself, create more private sector jobs. Only increased market demand for goods and services will create jobs.

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  • 1 decade ago

    I know - you think we could get appointed CZAR of the Conservative Right Wing Nut Jobs? I wonder how much that would pay?

    Couldn't help myself. I'm a Republican!

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