http://www.foxnews.com/politics/2010/09/16/los-angeles-official-disappointed-city-used-stimulus-funds/?test=latestnews
Now, it is obvious to me that the Obama administration is just pissing away billions in inefficient "stimuli."
Here's a thought. Maybe the way to create more jobs is to eliminate more jobs.
Suppose that for all of 2011 and 2012, we allow folks to retire with full Social Security benefits a year earlier than they are now able to. So, if your current "normal retirement" age was 65 and you were not turning 65 until sometime in 2012, you could retire a year earlier than you had expected, at 64, in 2011.
The extra cost could be funded with the remaining allocated but as yet unexpended stimulus funds.
If perhaps a few million baby boomers retire a year early, there will be promotions from within the organizations they left and room for new employees at the bottom.
There might well be a real estate impact as retirees downsize and/or move south, etc.
They might also take some of that money and give all current Social Security recipients a one-time, 5% COLA in 2011. That money would almost never be saved, but spent in the economy almost immediately.
What do you think?
Friday, September 17, 2010
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2 comments:
AMEN (I know that is a religious remark, but just get over it).
It has long since become part of the secular vernacular. I use it myself all the time.
Glad you like the idea.
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