Employment Situation: ‘Losing Faith In Humanity’ Edition

When you see an article titled (“73% of New Jobs Created in Last 5 Months Are in Government“) you know you need to take a deep breath and say aloud “serenity now.” Because anybody who has paid attention to the Bureau of Labor Statistics reports over the past months and years knows that the public sector (i.e. “government”) has shed jobs almost every month in the aftermath of the Great Recession. And if you wish to maintain your sanity, I advise you to steer clear of that article’s comments section.

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We Will Talk About Gun Control

I’m talking to you card-carrying NRA member or anyone who says “now is not the time to talk about gun control.” This is the standard refrain after each violent high-profile event involving guns. Quite honestly, I’m tired of hearing it.

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Tax Revenue, Post-WWII, Averages 17.7 Percent Of GDP

In the years since World War II (1946-2011), federal tax receipts have averaged 17.7% of Gross Domestic Product (GDP). This is probably the best way to gauge the federal tax burden because it compares it to economic output. Since there are many arguments in and out of Washington D.C. about the effects of taxation on economic growth, it makes sense to directly compare the measure of taxation (total federal tax receipts) with the measure of economic output (GDP).

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Eliot Spitzer – Number of the Day: New Roads Equals Two For One Bargain

If I’ve repeated one thing more than any other, it’s the need for increased infrastructure spending. And the reason is simple — upgrading America’s roads, bridges, rail, electrical grid, etc. makes for good use of public money. In the case of roads, we get better roads, more jobs and the economic impact could be immeasurable. Take for instance the highway system, and all the businesses that sprang up along highway exits, as well as all the business centers that could not exist without highway access. And all in just one lifetime.

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