Obama's speech today
"The private sector has been doing a good job at creating jobs," Obama said. "State and local government hiring has been going in the wrong direction."
Read more:
http://www.businessinsider.com/obama-private-sector-job-growth-2012-6#ixzz1xER9uayC
Leave aside "the private sector has been doing a good job at creating jobs. I'd argure it's not; so - so at best. but take a look at the rest of the phrase.
What's the "wrong direction?" State and local jobs are disappearing as the STIMULUS money is run out.
Stimulus is deficit spending. You can have a checkbook full of blank checks, but it doesn't mean you have money to back it.
Keep writing those checks, you're broke, and overdrated ( in debt in this analogy).
Q? > HOW DOES GOV"T JOBS GROW WEALTH??
It creates jobs, but no tangible increase in assets. The economy is "complex', and i understod the need for the stimulus that kept us from literally going into another depression.
Eventually though, adding $1T + a year in debt leads to...lots of 'bad stuff'

( I'm not gonna list them).
We also have that future fact that we're headed off a fiscal cliff ( future unfunded mandates)
So please, someone explain to me that the anemic growth we're getting in GDP is going to boost with more "public sector jobs".
Private sector jobs create wealth ( however unevenly distributed). What do "public sector jobs create?OK. jobs, but nothing added to the economy.
The checkbook just gets more in the red.
Keynesianism is pumped dry, the purpose of Keynesianism is to stimulate growth, not just "jobs"
Keep adding debt, and factor in the unfunded mandates coming up, and we're "forward" -right off the fiscal cliff.