Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

FogerRox

(13,211 posts) Wed Apr 10, 2013, 09:59 PM Apr 2013

23 million [View all]

A return to New Deal infrastructure spending: 6% of GDP-900 billion, would create about 23 million jobs (22.5).

26 million under employed or unemployed, U6 is at 21.5 million. Fudge it: 23 million.

The CBO scoring of the 75 yr SS shortfall is .6% of GDP, which would equal 23 million jobs at 31.5k producing 89.3 billion in FICA. 15 trillion dollar economy, .6% is 90 billion.

11 replies

= new reply since forum marked as read

Highlight:

23 million [View all] FogerRox Apr 2013 OP

Yeah but those 23 million would have to be paid for those jobs tularetom Apr 2013 #1

LOL, no I dont choose to understand the new economy, it doesnt understand me. FogerRox Apr 2013 #4

Would you break that down for the un-initiated a little, please? Sentences would help me. nt patrice Apr 2013 #2

Infrastructure multplier is FogerRox Apr 2013 #3

Okay. If the US would return to the same percentage on spending for infrastructure that mbperrin Apr 2013 #5

Excellent job. I'm in a data geek mode FogerRox Apr 2013 #7

Your data was excellent. I teach economics to 18 year olds, mbperrin Apr 2013 #9

Me: Self taught. Whats crazy is FogerRox Apr 2013 #11

We need a new Congress to make it happen. nt patrice Apr 2013 #8

Oh yeah, I hate its not even being talked about. FogerRox Apr 2013 #10

The U6 unemployment figure is 13.8% FogerRox Apr 2013 #6