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Krugman Does the Math


Paul Krugman really outdid himself with this one today:
Not that the budget cost is minor. The average American worker earns only about $40,000 per year; why does the administration, even on its own estimates, need to offer $500,000 in tax cuts for each job created? If it's all about jobs, wouldn't it be far cheaper just to have the government hire people? Franklin Roosevelt's Works Progress Administration put the unemployed to work doing all kinds of useful things; why not do something similar now? (Hint: this would be a good time to do something serious, finally, about port security.)
Any Libertarian would cringe at the above statement, but we owe the highway system, rural electrification, the Internet and countless other public benefits to this kind of idea. And to anyone who says the Government is bad at running things, I would point to the recent success in Iraq as an example of Government aptitude (or at least many would).
4/22/2003 04:28:00 PM [Link] |