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Mark Newgent
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Showing entries for Category: private-sector
Speak of the Devil
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Today, the Examiner editorial page offer us this gem:
What’s clear is that shedding private-sector jobs while adding public-sector jobs is unsustainable — without tax increases. Government jobs do not produce money, they merely redistribute revenue produced by those in the private sector. So as the proportion of those working for the government increases, a smaller group of wealth producers must support a bigger group of redistributors. That means less money for everyone...
It means expanding government may help reduce unemployment numbers initially, but it will not help the economy.
This coming just a day after I pointed out:
Through his intimidating tactics and rhetoric, FDR essentially bullied business and the private sector and turned government into a competitor with which they could not compete... Did the New Deal create millions of jobs? Sure it did. However, they were government created public works jobs designed to serve political ends, and they lasted only months at a time. They were not the type of private sector jobs that could have spurred real economic growth that could have pulled the rest of the economy through.
What was it that George Santayana said about forgetting the past?
Topics: The New Deal , Recession , private sector , public sector
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