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OpEdNews Op Eds    H3'ed 4/4/11

How We Could Create 15 Million Jobs and Eliminate the Federal Deficit

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See original article for a table that summarizes where the money will come from and what it will be used to accomplish.

 

 

The seven aforementioned jobs-creation programs funded by these new revenue streams would create 14.7 million jobs in the first year to jump start today's stagnating economy, and fund a continuing 4-6 million jobs in each of the next four years as well.

 

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In summary, it is becoming increasingly clear that corporate America is now comfortable with a much higher level of unemployment than was considered normal in years past.   What was "normal' in the past, around 4.5%, is now said by corporate America to be obsolete.   They say the "new normal" is 8 to 9%, or about twice that in the past.   But we must reject this.   And if corporations flush with trillions in cash refuse to hire sufficiently to reduce unemployment to 4.5%, then the government must become the direct employer of choice, even if that means "competing' with the private sector, directly, as an employer.   This choice is stark:   either the government must engage in direct job creation, or we the decimated middle class now "on the ropes" must learn to live with today's 9% level of joblessness for decades to come.

 

 

 

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

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