Obama Jobs = More Debt

Business,Debt,Economy,Government,Inflation,Labor

            

GOVERNMENT JOBS ought to be recorded as an increase in the nation’s debt; not as an addition to the country’s payroll. These jobs are financed through taxes, if the country is solvent; through more deficit spending and debt in the case of the USA.

How did government jobs ever make their way into the Labor Department’s jobs reports? Stupid question, the answer to which lies in the purpose and nature of state-generated statistics. Said jobs are nothing but debt and inflation.

Thus, when President Barack Obama declared, after the jobs report of May came out on Friday, “that the economy is getting stronger,” this meant that of 431,000 jobs “created,” 411,000 were temporary workers for the census. Only 41,000 were private-sector jobs. The latter is a meager ten percent of the former. (Don’t ask me how the 431,000 was arrived at.)

“Despite the improvement,” parrots the WSJ, “the persistently high unemployment rate is a reminder of how much more is needed to fix the job market.”

WRONG: it is a reminded of how much less is needed to fix the job market—less government.

4 thoughts on “Obama Jobs = More Debt

  1. a harrison smith

    How long can they persist with this nonsensical and mythical job-creation line of “defence”? Reality Is a paycheck (or not) for citizens.
    Statistics are not going to cut it with taxpayers or the jobless.
    Statistics are also not going to cut it when people start to see how health and gas go up in own lives.
    How does government think they can perpetuate this growing monstrosity?
    What do they do with their own household budgets?
    And the media is criminal: Explaining huge federal creation of jobs at the expensive of revenue creating citizens. It is criminal to add these AT THIS TIME when a fiscal crisis sees no end. main media is a disgrace to the idea of free and informing democracy! A disgrace.

  2. Myron Pauli

    A very small productive part of the economy is bearing the burden for everyone else. Sadly, the governmental leeches usually make this worse, not better.

  3. james huggins

    Obama and his administration have developed the use of smoke and mirrors to an art form.

  4. Gringo Malo

    I disagree with Myron’s remark that a very small productive part of the economy is bearing the burden for everyone else. Most of the burden is borne by foreigners who give us manufactured goods and petroleum in exchange for our Monopoly money. Please don’t ask me to explain why they do it; it makes no sense to me.

    I can, however, understand why our own government officials feel free to spend money they don’t have. It’s simply that they’ve been getting away with it for so long (America actually went broke in 1971) that they expect to get away with it forever. If you think things are bad now, imagine what will happen when that expectation proves false.

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