Pages

Sign InRegisterForgotten password?

RebelmouseTwitterFacebook
Advertisement

5 comments

Jump to bottom
1 Achilles Tang  Fri, Oct 7, 2011 5:36:28pm

$6 billion? What's the margin of error on that one, over 10 years??

2 laZardo  Fri, Oct 7, 2011 5:36:58pm

...only $6 billion? q:

3 mr.fusion  Sat, Oct 8, 2011 7:32:33am

re: #1 Naso Tang

$6 billion? What's the margin of error on that one, over 10 years??

At this point, if you were to tell me that they were getting ready to pass a $455B jobs bill that would add 2 million jobs and 2% to GDP I wouldn't give a crap if it was paid for or not. The $6B deficit reduction is just icing on top for me.....

But I'll ask you.....for 2 million jobs and 2% GDP growth, what dollar amount would be too much? You ask what the margin of error might be.....how much would it have to be off for you to say this plan should not be passed?

4 Achilles Tang  Sat, Oct 8, 2011 8:19:31am

re: #3 mr.fusion

You assume, wrongly, that I am opposed to the jobs bill.

My implied points are that :

a) From a purely accounting issue it would seem statistically impossible to make that sort of prediction over 10 years.

b) The jobs bill is not directly tied to the deficit or intended to address it in isolation.

c) I see no mention of the potential revenues from 2 million additional people working and I have trouble imagining that this can only generate a net deficit reduction of $6 billion over 10 years. If that is true, we would need a few hundred million additional jobs to have a significant effect.

I see Republicans jumping on this number as absolute proof that we are truly screwed.

5 alexknyc  Sat, Oct 8, 2011 8:54:53am

It's better than nothing but we're not solving a $15T debt by playing around with $6B here and there. We're arguing over whether turning down the thermostat will save us money while the house itself is on fire.

And at a cost of $455B, 2 million new jobs comes out to over $275k per job. Is that the going rate? Because it sounds high to me.


This page has been archived.
Comments are closed.

^ back to top ^

Turn off ads by subscribing!
For about 33 cents a day, our subscription option turns off all advertisements at LGF!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published in our weblog, unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title and text already filled in.

Last updated: 2013-05-26 5:26 pm PDT

Recent Pages
Vicious Babushka
Meet America’s Most Shameless Defender of the 1 Percent
More: Meet America's Most Shameless Defender of the 1 Percent, Harvard Economist Greg Mankiw It’s not really news that America’s economics departments, particularly at elite institutions, are stuffed with people whose careers are founded on protecting monied interests. But it’s pretty rare when someone just comes straight out and announces the fact. Meet Greg Mankiw, chairman and professor of economics at Harvard, one of ...

19 minutes ago
Views: 54 • Comments: 0
Tweets: 0 • Rating: 0
Baboon Cheeks
Nate Silver: Politico Co-Founders Lack ‘Curiosity for the World Outside of the Bubble’
"It's striking how preoccupied Harris and VandeHei are with the perception that Politico is too 'insidery,'" Silver wrote. "My personal critique of their work cuts a little deeper than that, however. It's not that they are too 'insidery' per se, but that the perceptions of Beltway insiders, which Politico echoes and embraces, are not always very insightful or accurate. In other words, the conventional ...

49 minutes ago
Views: 39 • Comments: 0
Tweets: 0 • Rating: 2
Randall Gross
In Berlin, Obama to Call for Reduction in Nuclear Arms
President Barack Obama is expected to use his speech at the iconic Brandenburg Gate on Wednesday to renew calls for a reduction in nuclear weapons. It is not the first time the president has called for a reduction in stockpiles, but by addressing the issue in a major foreign speech, Obama is hoping to rekindle the issue, which was at the center of his ...

1 hour, 16 minutes ago
Views: 42 • Comments: 0
Tweets: 0 • Rating: 0
Cap'n Magic
Jack Shafer: Snowden vs the Dragons
Reuters: But even the press in aggregate is not a friend to whistle-blowers, as its recent treatment of Snowden attests, what with the deep dives into his teen years (including photos), his education and employment history, his reputation as a loner and a “brainiac,” his pants-down hijinks, his online scribblings, his dancer girlfriend, his predilection for (in his own words) “post-coital Krispy Kremes.” Squeezing ...

6 hours, 55 minutes ago
Views: 40 • Comments: 0
Tweets: 0 • Rating: 0
Romantic Heretic
Jesus Christ sues GOP for slander
I wish this was true. If for no other reason than to watch heads explode.

11 hours, 13 minutes ago
Views: 129 • Comments: 2
Tweets: 0 • Rating: 4
Heywood Jabloeme
Why Innovation [as well as productivity] Thrives in Cities
June 4, 2013 -- In 2010, in the journal Nature, a pair of physicists at the Santa Fe Institute showed that when the population of a city doubles, economic productivity goes up by an average of 130 percent. Not only does total productivity increase with increased population, but so does per-capita productivity. Share This: In the latest issue of Nature Communications, researchers from the ...

11 hours, 26 minutes ago
Views: 84 • Comments: 0
Tweets: 0 • Rating: 1
William of Orange
Jail reckless bankers, standards commission urges
Senior bankers guilty of reckless misconduct should be jailed, a long-awaited report on banking commissioned by the government has recommended. The Parliamentary Commission on Banking Standards was set up by Chancellor George Osborne last year after a number of scandals involving the industry. Jail reckless bankers, standards commission urgesThe cross-party group's fifth report attacked the lack of accountability of bankers and also said some ...

11 hours, 58 minutes ago
Views: 92 • Comments: 0
Tweets: 1 • Rating: 1
Dancing along the light of day
Boeing nets orders for 102 stretch 787s
LE BOURGET, France — Boeing Co. won major orders from five customers for a stretched-out version of its popular 787 Dreamliner jet at the Paris Air Show Tuesday, further evidence of a strengthening market for more expensive long-haul jets.Boeing announced the formal launch of its 787-10 program at the Paris Air Show on Tuesday and says it already has commitments for 102 jets from ...

12 hours, 6 minutes ago
Views: 67 • Comments: 0
Tweets: 0 • Rating: 1
DO WINGNUT WORDS SHOW THEY EVOLVED BRAINS?11!!
Baker’s Graduation Cake Mix-Up Ends in Purr-fect Mistake
When Laura Gambrel, 22, of Zionsville, Ind., graduated from Indiana University in May, she wanted to keep the celebration pretty low key. She didn’t walk at the ceremony, nor did she have a party because she planned to go right back to the university this coming fall for grad school. It seemed only fitting then that the one thing her mother attempted to do ...

14 hours, 44 minutes ago
Views: 155 • Comments: 2
Tweets: 0 • Rating: 5
nines09
Liam Clancy - The Band Played Waltzing Matilda
Been a while since I was reminded of this one. Friend of mine posted it today. Let me share it with you. Liam Clancy

18 hours, 23 minutes ago
Views: 127 • Comments: 6
Tweets: 0 • Rating: 6
 Frank says:

Yes, Ladies and gentleman, even in this agricultural enviroment, We're gonna' play a love song -- This was about 1974 in Harrisburg Pa. at the Farm Show Arena, a week after the Farm show had left town... Frank never admitted to playing there, and I can't say as I blame him. But, I will never forget what a magical night that was.