"We currently need about 8.2 million more jobs to reduce the nation's unemployment rate to 4.5%. Creating that many jobs in a program like the one described… would require a net increase in federal spending of about $235 billion during the first year... If the Bush-era tax cuts had been allowed to expire at the end of 2010, the federal government would have collected about $295 billion in additional revenue during 2011. This would have been more than enough to cover the cost of the job program."
Michael Winship, Alternet
Adding 8.2 millions jobs to the economy would reduce unemployment to 4.5%. The program requires $235 billions in federal expenditures. Ending Bush era tax cuts would add %295 billions in revenues.
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