Sunday, November 23, 2008
Bring Back The WPA
President-elect Barack Obama announced yesterday a several hundred billion dollar spending plan to create or save 2.5 million jobs over the next two years "by spending billions of dollars to rebuild roads and bridges, modernize public schools, and construct wind farms and other alternative sources of energy." Notice the use of the word "save" in addition to "create." That way if the American economy sheds 2 or 3 million jobs over the next couple of years, Obama can claim he saved a similar amount of jobs by spending billions of dollars our federal government doesn't have to spend. And all that national debt we've already piled up becomes even bigger simply because of the deflation our country is currently experiencing.