$100 Billion dollars would pay for 2 million $50,000 dollar jobs per year

[NNN0LHI]

$100 billion dollars is the funding required to bail out the states this year, to cover their combined revenue shortfall. Or that same $100 billion would provide health care for every single uninsured child in the United States for at least five years. Think about that for a moment. This is whats at stake here.

Don

http://www.alternet.org/story.html?StoryID=15807

What Is the War Going to Cost Us?

[carolinayellowdog]

1. $5 billion per month is what Vietnam cost us

in inflation adjusted dollars, and that's what Iraq and Afghanistan are costing us.

[RichV]

2. Um...

Can I have one? That's way better than my stipend.

[RobertSeattle]

3. Devil's advocate here

The salary of most normal jobs usually accounts for only about half of the employer's cost of the job. When you add in medical benefits, the employer's part of Social Security, overhead, etc, a 50K job would probably "cost" an employer 100K per year.

So a $100B would pay for 1 Million 50K/year jobs.

Your point is well taken regardless.

[ProfessorGAC]

4. I Think The National Average Is Closer to 70%

But your point is also well taken. The general b-school rule of thumb is salary plus 70%. (And that includes some fixed cost absorption such as the building space you take up, the assets you need for your particular position, etc.)

So, it's not the same as 2 million jobs, but it's more than one million jobs.

Figured you wouldn't mind the hair-splitting since you are obviously interested in accuracy.

No offense, Robert.
The Professor

[RobertSeattle]

11. Thanks - didn't know it was 70%

I heard the 2x figure while in a bar so that figures...

[Brian Sweat]

8. But if you just gave the people 40,000 a year

you wouldn't have to deal with any of the overhead. The remaining 10,000 could be used for healthcare and social security.

[Brian Sweat]

9. Sure, but if you invest the money in the economy

it is more than 2 million jobs.

[RobertSeattle]

10. Good point!!!

Why doesn't anyone ever mention the multiplier effect anymore?

[DoYouEverWonder]

5. Multiply that number by 3

You know W can't do math.

When Clinton took office he found out that Bu$h Sr had lied about the size of the deficit. It was actually 3X's the amount that Sr had reported. Clinton wanted to go after Sr for fraud but Greenspan talked him out it. Said it would destroy the stockmarket if people knew what was really going on. That is why Greenspan worked with Clinton and pulled the economy out of the crapper. Another one of those little deals with the devil that I'm sure Clinton made a few of for the sake of the country.

[Bandit]

6. So you are saying Greenspan was the economic wizard?

If that were the case why is he advocating for such reckless policies as what we are witnessing? I think Greenspan is nowhere near what he is built up to be and the proof of that is our current economic situation. He has had three years to perform his miracles. It is getting worse.

[leftofthedial]

13. I think the point was that he cooperated with Clinton

not that he was the mastermind

[gratuitous]

7. Well, Chimpy is asking for only $87 billion, so there!

Irrefutable, Freeper brand logic, brought to you by your local neighborhood gratuitous. Ask for it by name, accept no substitutes.

[screembloodymurder]

12. Good comparison

that puts it in perspective.