Thursday, March 4, 2010

WHERE the Jobs are being "created"---Is this a good trend???

Source: Carpe Diem ...Question: Are these new federal jobs temporary or are they permanent?  If permanent, how do we support these jobs on an ongoing basis.  By all accounts, the labor market is going to recover slowly.  It follows that tax revenue will be reduced for a sustained period of time, unless taxes are raised on (1) everyone, or (2) targeted groups (wealthy, investors, corporations, entrepreneurs, etc). More resouces will be shifted to support the larger bureaucracy.   Bottomline: We will will come out of the recession with a much larger Federal workforce than before the recession. Will our national income (GDP) grow enough to cover this increased expense? If not, will the bureaucracies contract and lay these workers off?
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