From The Hill:
Democrats are set to unveil a new jobs initiative Wednesday that will provide grants to local governments to save or create jobs.
House Education and Labor Committee Chairman George Miller (D-Calif.) will join other lawmakers and mayors to announce a $100 billion program to support jobs initiatives in local governments and municipalities.
“Our goal is to retain or create a million jobs,” Miller said during an appearance on CNBC Wednesday morning. “There’s some very serious concern that the small, good news we’re getting right now on the unemployment figures could be wiped out by what’s going to happen in local governments, if they don’t get some assistance.”
The latest jobs bill will be the latest but arguably the largest jobs initiative Democrats will have undertaken over the past few months, during which they’ve moved several bills in order to spur job growth.
The proposal Miller will unveil will be structured on the existing infrastructure of the community development bloc grant program. Mayors or local leaders will submit grant proposals in the program for funds to save or create local jobs, or to create work-training programs for city workers. The $100 billion allotted by the legislation would fund those local jobs programs.
Read the whole thing here. It is increasingly clear that the Democrats can only grasp the economic forces necessary to create public sector jobs. It is, after all, a pretty simple equation: 1. raise money through taxing or borrowing and 2. give it to other politicians. Easy.
But, not sustainable. Private sector employment produces tax revenue (and tangible things of value), while public sector employment simply consumes tax revenue. Eventually, the Democrats simple math falls apart.
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