Yup. Imagine that a realistic proposal coming out of DC, a proposal that if employed every year could actually be effective at curing what ails the US economy.
For more immediate job programs, the White House will urge $350 billion in short-term job spending, as well as a six-year transportation and infrastructure program that would cost $476 billion. He will ask for $60 billion to refurbish at least 35,000 schools and help state and local governments hire and retain teachers, firefighters and police officers.
http://www.nytimes.com/...
886 billion to be spent. A good multiplier would be for every 100 billion spent we would create 2 to 2.5 million jobs. SO we're talking 17 million to 22 million jobs best case scenario....
That friends is not too shabby. Except its only for one year........ But the scale of the solution being proposed in is line with the scale of the problem. That is the conversation that needs to had, something I outlined here: Cook Book for 20 million jobs
The only thing I would like to see is deficit spending to fund these proposals, the true purist demand side way.
12:58 PM PT: We should spend 5% of GDP on infrastructure annually, thats 750 billion each year, this proposal spends 476 billion on infrastructure over 6 years. Currently we spend 2% on infrastructure.