From CNN Money:
Tens of thousands of low-income workers lost their jobs Thursday as a stimulus-subsidized employment program came to an end.
About a quarter of a million people in 37 states were placed in short-term jobs thanks to a $5 billion boost to the Temporary Assistance for Needy Families program, according to the Center on Budget and Policy Priorities. States used about $1 billion to provide subsidized employment, with the remaining funds going to cash grants, food programs, housing assistance and other aid…
Stimulus doesn’t work. I’ll try to make this simple so even you liberals out there might understand:
For the government to “stimulate” something, they have to get the money from somewhere. Whether they tax it away, borrow it or steal it by printing more currency, it all comes out of the productive economy. If you then hire someone to do some make-work government job, you’re not actually making any wealth with the money you’ve taken from the productive economy. Its a dead loss – and the people so hired can only be kept employed by taking even more money out of the productive economy.
The whole thing has been a waste of time and money. All of the Obama-led, Democratic economic program has failed. It doesn’t work. It can’t work. Only a radical change back to a free market will do.
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