I'm tired of waiting for someone to actually introduce a job program, so I'm going to take a stab at it myself. Of course this is going to cost some money, but we actually have a ton of buyers eager to purchase US debt.
So let's sell them 30 year bonds, so we won't have to pay back the principle for a long time. Let's go ahead and get about $1 trillion dollars in this special bond auction.
We will spend this money across all 50 states, divided based on population. However, everyone hired will be considered a federal employee. They will make $30,000 dollars per year, and this program will continue for two years.
Now we can hire 10 million Americans at $30k a year for $300 billion dollars. There is obviously overhead with those 10 million workers, so let's say the total labor budget is $350 billion a year.
So we need to set aside $700 billion dollars of our trillion to pay our new workforce.
With the remaining $300 billion dollars we set up collateral on infrastructure projects in each state. Then we allow private financing of any project to match our initial collateral, and then unleash 10 million Americans like ants to build them.
What do I suggest they build, you may ask.
Who gives a shit?
In blue states we can build wind farms and solar paneled roofs as far as the eye can see. In red states we can build 200 ft tall statues of Ronald Reagan in various poses (Reagan on a horse, Reagan leaning on a fence post, ect...).
After two years with 2% or 3% unemployment, the GDP will grow massively. By the time this program ends, the private market will be begging for employees to meet the self feeding demand we've created.
Also we'll have spurred clean energy solutions, as well as having immortalized the Gipper beyond the dreams of any Pharaoh.
All that matters is we prime the pump.