Economy

mbperrin

(7,672 posts)

5. Okay. If the US would return to the same percentage on spending for infrastructure that

Wed Apr 10, 2013, 10:15 PM

Apr 2013

we did during the New Deal, it would create 23 million jobs at $32,000 per year. That would employ all of the officially unemployed as well as the "discouraged" workers in our economy.

In turn, those new wage earners would be paying into Social Security in an amount great enough to overcome the now-projected deficit that will occur in SS in 75 years.

So, new infrastructure, roads, bridges, national parks, power plants and so on; everyone who wants a job has one, and Social Security is solvent with full benefits forever (or for 75 years at least, which forever for someone 61 like me.)

Sound good? It would be.

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23 million [View all] FogerRox Apr 2013 OP

Yeah but those 23 million would have to be paid for those jobs tularetom Apr 2013 #1

LOL, no I dont choose to understand the new economy, it doesnt understand me. FogerRox Apr 2013 #4

Would you break that down for the un-initiated a little, please? Sentences would help me. nt patrice Apr 2013 #2

Infrastructure multplier is FogerRox Apr 2013 #3

Okay. If the US would return to the same percentage on spending for infrastructure that mbperrin Apr 2013 #5

Excellent job. I'm in a data geek mode FogerRox Apr 2013 #7

Your data was excellent. I teach economics to 18 year olds, mbperrin Apr 2013 #9

Me: Self taught. Whats crazy is FogerRox Apr 2013 #11

We need a new Congress to make it happen. nt patrice Apr 2013 #8

Oh yeah, I hate its not even being talked about. FogerRox Apr 2013 #10

The U6 unemployment figure is 13.8% FogerRox Apr 2013 #6