Monday, August 23, 2010

Campaign For Liberty — Are You Smarter Than a 20th Grader?

Campaign For Liberty — Are You Smarter Than a 20th Grader?: "Who is surprised that businesses are cutting jobs again? Are taxes going up or down? Are regulations being added or removed? Are mandates increasing or decreasing? The U.S. Chamber of Commerce estimates the 20 new mandates in the Health Care Reform Bill will increase employers' benefit costs by 20% to 60%. What does that mean for jobs? Let's do the math.

For a firm with 1,000 employees, a 20% increase could mean more than $1 million in additional benefit costs. Divide by our magic number of $50,000 and you have 20 jobs that will be cut as a result of HCR."

"Last week Congress passed a $26 billion bailout of states to 'save' 160,000 government jobs. That is $162,000 per government job 'saved'. How many private sector jobs will it cost to 'save' them? You know the magic number - do the math. Plus one minus three is a net two jobs lost, so get ready to read about the President's economists being surprised again."

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