General Discussion
In reply to the discussion: Why doesn't anyone talk about raising the cap for social security? [View all]FogerRox
(13,211 posts)The stimulus worked well 2010, no need to wait. GDP hit as high as 4%.
As far as what liberal economists tell us, lets try to represent this properly. U6 Unemployment has recent dipped under 15%, with a civilian workforce of 154 million thats 23 million people would take a full time year round job if offered. That is the size of the jobs problem.
Since infrastructure spending creates 2 to 2.5 million jobs per 100 billion. We used to spend 5-6% of GDP on infrastructure, last year we spent 1.3%. 5% of GDP would be 750 billion, and create between 14 and 18 million jobs. Tax breaks for domestic investment in emerging markets like solar wind HVDC that incentivize 250 billion in capital spent in these sectors.
SO what we have is 1 trillion spent, that would create between 20 and 25 million jobs.