published Monday, February 7th, 2011

Jobs -- or debt -- 'created'?

Remember how the $862 billion federal "stimulus" was first supposed to "create" lots of private-sector jobs? Its Democrat backers later said it would "create or save" jobs. Today we know that it mainly propped up government jobs, added to our debt and "created" little economic growth.

Well, members of Congress now are pushing an $8 billion aviation bill that they say will "support" lots of jobs. (They're carefully avoiding the word "create," The Associated Press reported.)

We suspect this bill will "support" more debt but "create" few jobs.

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jpo3136 said...

I concur that Republican executives have mismanaged ARRA grants in a way that did not create jobs. Thank you for acknowledging these tragic leadership failures on the part of Republican elected officials in our area. What fantasies they have for economic policies!

It is amazing that Republicans managed to receive massive grants while also managing to generate staggering debt. Perhaps it was the definition of "asset" which, like in the city of Chattanooga, changed from maintenance to depreciation tracking. That is, from an equity-based definition of asset to a debt-promoting definition of asset. At least, that's what's happened here.

How do you know that this aviation bill won't support Chattanooga manufacturers who are asking for their own separate airport terminal? I take it that your editorial position is to reject this grant opportunity to support Chattanooga businesses, and instead, raise taxes on them to pay for their airport wants.

Thank you for supporting tax increases for Chattanooga businesses to support airport improvements to sustain the economy. How much of a tax increase are you suggesting?

February 7, 2011 at 2:50 a.m.
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