[lbo-talk] query: Does adding 1 million (decent) jobs really cut deficit by 54 billion

[Gar Lipow]

I find the following statistic various places "Adding 1 million jobs
cuts deficit  by 54 billion".  For example:
http://www.ourfiscalsecurity.org/deficit-101. As a source in turn it
links to http://www.whitehouse.gov/sites/default/files/omb/budget/fy2009/pdf/hist.pdf

 which is 342 pages, and does not contain that statistic as far as
intensive searching can determine. Nor does further searching turn it
up.

I know x jobs = x deficit reduction is pretty crude. After all what
kind of job matters among other things. Still someone must have come
up with some rough estimate somewhere - either the 1 million jobs
equal 54 billion in deficit reduction or some other number.  Help on
this would be greatly appreciated. Thanks.

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