Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts

Wednesday, October 5, 2011

Democrats: How to create a permanent constituency

What a plan they have to ensure a constituency.




October 5, 2011, 2:31 PM ET
Wall Street Journal



Nearly Half of U.S. Lives in Household Receiving Government Benefit



Families were more dependent on government programs than ever last year.

Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.

The share of people relying on government benefits has reached a historic high, in large part from the deep recession and meager recovery, but also because of the expansion of government programs over the years. (See a timeline on the history of government benefits programs here.)

Means-tested programs, designed to help the needy, accounted for the largest share of recipients last year. Some 34.2% of Americans lived in a household that received benefits such as food stamps, subsidized housing, cash welfare or Medicaid (the federal-state health care program for the poor).

Another 14.5% lived in homes where someone was on Medicare (the health care program for the elderly). Nearly 16% lived in households receiving Social Security.

High unemployment and increased reliance on government programs has also shrunk the nation’s share of taxpayers. Some 46.4% of households will pay no federal income tax this year, according to the nonpartisan Tax Policy Center. That’s up from 39.9% in 2007, the year the recession began.

Most of those households will still be hit by payroll taxes. Just 18.1% of households pay neither payroll nor federal income taxes and they are predominantly the nation’s elderly and poorest families.

The tandem rise in government-benefits recipients and fall in taxpayers has been cause for alarm among some policymakers and presidential hopefuls.

Benefits programs have come under closer scrutiny as policymakers attempt to tame the federal government’s budget deficit. President Barack Obama and members of Congress considered changes to Social Security and Medicare as part of a grand bargain (that ultimately fell apart) to raise the debt ceiling earlier this year. Cuts to such programs could emerge again from the so-called “super committee,” tasked with releasing a plan to rein in the deficit.

Republican presidential hopefuls, meanwhile, have latched onto the fact that nearly half of households pay no federal income tax, saying too many Americans aren’t paying their fair share.

























democrats

Saturday, November 22, 2008

Obama: 2.5 million new jobs (which means what)

JOBS

Obama VOWS creation of 2.5 million new jobs.

This is his first big promise.

It is also a good place to start watching what he says and does.

Thus far, all his efforts seem to be very unoriginal and very much a retread of Clintonian or even the status quo.

2.5 million NEW jobs.

In watching this new number, a few points need to be remembered.

A certain number of jobs are created each year without any help or stimulus.

That is the magic of a 2.5 million number. It isn't clear whether it is above what the businesses of America employ each year or whether the annual job creation number is subtracted from the 2.5 million.

next, you will have to do a little fact finding - Find out the average job growth in 2001-2002-2003-2004-2005-2006-2007, and 2008. This number should be added to the 2.5 million because Bush managed to add that many (on average), and for Obama to be doing something truly unique, it has to be MORE than what Bush has done.

Say the Bush average (2001-2008) job creation rate was 2 million, then all Obama is saying is, he will create 500,000 more jobs.

The other factor is - how many jobs are lost. If due to Obama's actions, 2.54 million people lose jobs, and he causes by his actions the creation of 2.5 million new jobs, he has actually caused a net loss, not a gain.

The answers to the above will be clear when the process gets underway. It will be useful to know in just under 1400 days.







Obama

Make Mine Freedom - 1948


American Form of Government

Who's on First? Certainly isn't the Euro.