Paper Economy - A US Real Estate Bubble Blog

Wednesday, December 16, 2009

"Recovery" Jobs Cost Taxpayers Over $97,000 Each!

The math is trivial... Recovery.gov states that the American Recovery and Reinvestment Act has already "created or saved" 640,329 jobs as a direct result of $62.6 billion of funds (a.k.a. your tax dollars) payed out in "contracts, grants and loans".

So... $62.6 billion divided by 640,329 = $97,762 per each job "saved or created".

Here is a nice image widget that you can embed in your favorite web page in order to keep track of the governments costly shenanigans ... Ill updated it as the stats at recovery.gov are updated.

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