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drmyk commented on the blog post Airborne Pompous Event
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drmyk commented on the blog post CBO: Stimulus Supports 2.9 Million Jobs Today
Its algebra, because I used variables in my example rather than numbers.
And how do you know the jobs will continue after the government stops paying for them? These were jobs that were not economically viable under the economic conditions at that time w/o government funding. The economy is not much better now than before, so when the stimulus funding runs out, where do you think the jobs will go?
If we’d handed the money to DARPA, at least we’d have a cool intergalactic death cruiser by now. -
drmyk commented on the blog post CBO: Stimulus Supports 2.9 Million Jobs Today
How is algebra right wing?
You tell me you want an economic stimulus to create jobs. You tell me the stimulus costs x and creates y jobs. x/y=right wing?
Now, those jobs may do awesome things. They may have secondary effects. But if the purpose of the stimulus was to create jobs, and it cost x… -
drmyk commented on the blog post CBO: Stimulus Supports 2.9 Million Jobs Today
I’m not saying the multiplier effect didn’t trickle down to other folks. What I’m saying is you should be able to create jobs with money. And the more jobs you create the better. So, if you are creating jobs you can have more salary out than you invest (if you’re doing a public-private co-op), the same amount of salary out as you invest (if you just write a check and send it to a random unemployed person) or less than you invest (if the jobs require infrastructure, tools, equipment, whatever that makes the job more expensive than the salary alone). It seems that investing .27-1 million/job is a pretty expensive job. I’d rather send the random unemployed person a check. And a shovel, maybe. Could have gotten a lot more people employed, or at least spending, that way.
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drmyk commented on the blog post CBO: Stimulus Supports 2.9 Million Jobs Today
That works out to over $270,000/job, if my math is correct. How does this compare to other government programs? It doesn’t seem to be much of a multiplier effect if it costs 5x the average annual salary to create a job.
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drmyk commented on the blog post Social Security Benefits Cuts Are in the Mix in Debt Ceiling Negotiations
It would be nice if the article would explain what exactly c-cpi versus the other cpi alternatives are, and why one might be a more or less rational way to calculate benefit increases. Just because one results in a greater or lesser benefit over time does not make it a better choice, unless your only goal is to have more or less of the benefit over time.
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drmyk commented on the diary post Poor Minnesotans to be Barred from Carrying Cash by Teddy Partridge.
Better to sit idly and watch a dictator slaughter his own…no downside to that, I guess. Would be cheaper at least.
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drmyk commented on the diary post Poor Minnesotans to be Barred from Carrying Cash by Teddy Partridge.
Because its so easy to link to proof of the absence of something…
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drmyk commented on the diary post Obama, “You’re A Goddamned Quarterback!” by Bin Quick.
Yes. I look forward to what president Palin will do to the country. Or our robot overlords, whichever comes first.
Although, both are more likely than the fantasy of a viable 3rd party candidate. -
drmyk commented on the diary post Obama, “You’re A Goddamned Quarterback!” by Bin Quick.
Yes, just what we need, a tea party for democrats as well. I’m sure it will be equally successful. Perhaps we can hand over a few more senate seats to the R’s. After all, the greens essentially gave GWB the presidency over Gore, and they’re almost the same… On a more serious note…I get your [...]
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drmyk commented on the diary post BP Claims May Be Taxed at Highest Rate; Not an Official “Disaster” by Michael Whitney.
Am I the only one that doesn’t feel badly that if people had a barter/undeclared income that let them dodge the taxes that the rest of us pay, that they end up paying taxes?
Just because Wall Street/corporate america doesn’t pay taxes doesn’t mean we can all go underground.
