How to Spend Labor Day
The administration on Labor Day is touting the 450,000 to 500,000 jobs "created or saved" by its "stimulus" plan (meanwhile not mentioning the fact that the "stimulus" was supposed to keep unemployment far below the current 9.7 percent). Economists, at least those not in the employ of Team Obama, say it isn't so, especially since only 10 percent of the $787 billion of "stimulus" spending has actually been spent so far.
If we want to "create or save" even more jobs, here's an idea: Let's not spend any more of the "stimulus" and instead use it to pay down some of the debt the administration is beqeathing to our children and grandchildren. Or, better, yet, give it back to the taxpayers.