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

Gar Lipow gar.lipow at gmail.com
Sun Aug 21 03:34:09 PDT 2011

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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