Business News- Top Story- Federal Govt Payroll hits 2.5 mil- Socialism in action? Keynesian Economics run amuck?
Federal Government reaches 2.5 mil payroll
As the Federal Government is set to hit the staggering mark of 2.5 million employees on its payroll, ask yourselves what kind of new jobs are being created by the Stimulus plan and how that affects our economy:
Job Growth coming from Federal Government expansion- 2.15 mil jobs- Business News Report
3. February 2010 by admin.
Federal Government to Grow to 2.15 Million Employees in 2010- fox news
The Obama administration projects the number of employees on the government payroll will grow to 2.15 million this year, reportedly making it the largest federal workforce in modern history and fueling criticism over the size of government.
The Washington Times reported Wednesday that the bulk of the increase is on the civilian side, which is expected to grow by 153,000 workers in 2010.
The expansion means the workforce will top 2 million for the first time since President Clinton declared that “the era of big government is over,” according to the newspaper.
The expansion comes even as Obama calls for cutting the deficit and imposing a three-year freeze on some non-security spending.
Click here to read more from the Washington Times.
http://www.foxnews.com/politics/2010/02/03/federal-government-grow-million-employees/
This rapid acceleration og Federbal Government expansion has some people using the S word, Socialism:
President Obama’s Road to Socialism- Charles Rowley’s Blog
http://charlesrowley.wordpress.com/2010/02/03/president-obamas-road-to-socialism/
It takes a bit to comprehend the level of expansion in the Federal Government we have just experienced, but let’s try to do that:
Largest-Ever Federal Payroll to Hit 2.15 Million- Berman Post
Government is growing to staggering numbers. While many are cutting back, the government is expanding, expected to have a payroll topping 2.15 million people.
http://washingtontimes.com/news/2010/feb/02/burgeoning-federal-payroll-signals-return-of-big-g
“The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government is over” and joined forces with a Republican-led Congress in the 1990s to pare back the federal work force.”
http://www.bermanpost.com/2010/02/largest-ever-federal-payroll-to-hit-215.htm
How will creating non-revenue producing jobs help the economy, AND our freedom?
Obama Continues Down Road to Greater Job Loss, Less Freedom- The Foundry
President Barack Obama reiterated his “jobs will be our number one focus” State of the Union talking point in New Hampshire on Tuesday, but all indications are that he is continuing down the path that led America to less economic freedom – and fewer jobs – in 2009.
Heritage’s Brian Riedl conducted a quick analysis of President Obama’s Fiscal Year 2010 budget and found that the President’s policies would hike taxes by more than $2 trillion over the next decade (counting health care reform and cap-and-trade), raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade, leave permanent deficits that top $1 trillion in as late as 2020, and double the publicly held national debt to over $18 trillion.
http://blog.heritage.org/2010/02/03/obama-continues-down-road-to-greater-job-loss-less-freedom/
Listen to the first 2 minutes of this video for an explanation of why government expansion does not boost the economy:
This expansion may have some short-term boon to businesses feeding off the government teet, but long term, it will have damaging effects on our sustained economic growth
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