In response to:

Jobs Versus Net Jobs

Torr Wrote: Jul 11, 2012 4:55 PM

Right on. Private industry "generates" wealth by manufacturing products or providing services that there is a demand for. Wages and benefits paid to private employees are a business cost that is covered in the price of the product or service. Private sector job numbers increase or decrease after product/service demands increase or decrease. Public industry operating capital, including employee wage and benefits paid, comes from taxing Private industries and the upper 51% of wage earners. It doesn’t generate any wealth. Jobs increase when revenues are up, then taxes increase when revenues are down. Adding jobs to the Public sector that is supported by a struggling private sector will destroy an economy.

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

Jobs Versus Net Jobs

One of the reasons for the popularity of political rhetoric is that everybody can be right, in terms of their own rhetoric, no matter how much the rhetoric of one side contradicts the rhetoric of the other side.

President Obama constantly repeats how many millions of jobs have been created during his administration, while his critics constantly repeat how many millions of jobs have been lost during his administration. How can both of them be right -- or, at least, how can they both get away with what they are saying?

There are jobs and there are...

Related Tags: Jobs Unemployment Barack Obama Jobs and Economy