Barack Obama has tried to take credit for saving or creating two million jobs through the intervention of Porkulus last year. Most of the jobs “saved” came from block grants given to states, which used the money to paper over budget gaps instead of rationally examining bloated budgets and looking for opportunities to make cuts. States declared that they saved positions in law enforcement and education with their Porkulus money that were never at risk in the first place rather than the untouched bureaucracies that should have first come under the knife. [...] Read the rest »
Those “saved or created” jobs on the block again
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