In his latest "Going Rogue" event, Joe Biden stated "Washington right now is broken" and the country is in "deep trouble" unless it attacks ballooning federal deficits.
One year and a few days in and the VP is attacking the President. I guess the honeymoon is over.
However, in classic Progressive faux pas fashion he also argued that money invested in both private and public-sector initiatives has saved as many as 2 million jobs, "I don't think they realize it." He goes on to say the Stimulus program, now a year old, was designed to be implemented in two stages, saying "we've only been halfway through the act."
The facts are that we are just over a third of the way through the "act," a significant portion of the reported "saved/created" jobs are lies, and many of the "shovel ready" projects were delayed for political reasons. So lets see some math. (787B/3 = 262B/2M = 131,000) Awesome!! Each job created only cost us $131,000. Given that the average private sector employee makes roughly 40k/yr. We have created limited time jobs (these jobs will not last after the money stops coming in) for the low low cost of 3x the pay scale. I gotta give ol' Bidey the credit here, that is a great feat given that it is government. It would devastate his argument, but help his over-all credibility should they actually be able to post real numbers that do not crumble under the most mild of investigations.
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