41% of net new jobs in November were in government

[midnight rambler]

Well, that's certainly one way to make yourself look good with respect to 'creating new jobs'.

http://www.cnsnews.com/news/article/terence-p-jeffrey/41-net-new-jobs-november-were-government

[Blink]

And the taxes needed to support (pay) the 41% will out strip the taxes the private sector 59% contributes. I guess the rest of us will have to make up for the shortfall to support Obama's socialist program.........

[gunDriller]

Well, that's certainly one way to make yourself look good with respect to 'creating new jobs'.

http://www.cnsnews.com/news/article/terence-p-jeffrey/41-net-new-jobs-november-were-government

Since so many Americans have non-productive jobs, this lasts only as long as the US $ is accepted for real goods like oil and food.

But yes, it is pretty amazing that DHS has "Project Manager" positions that pay about $150K per year, where you do basically nothing useful, and you can trade the $ your paycheck gives you for real Silver, food, etc.


I had some tasks assigned in the defense industry, e.g. one where there was 3 months in the budget for an engineer to do about 520 hours of finite element analysis on a military box.

I was the lucky guy assigned. I built models using little brick shaped elements, ran the simulations, got the hardcopies, etc.

When I was done, I asked, "do you want to see the results ?" to one of the project managers.

He said, "no, we just wanted to use up the hours in the budget."

All or mostly make-work. The federal government was charged about 3 times my salary for my time. Gross profit for my employer was 2 times my salary, minus health care costs etc.

That's how they make their money.


So yes, the US is going to a centralized command economy that is full of make-work and bull-shit jobs.

Game over when the rest of the world abandons the US $ as reserve currency.

US military & Cartel precious metal manipulation being 2 facets of the "Strong Dollar" policy.

[Libertarian_Guard]

Shortly after taking the Treasury post, Connally famously told a group of European finance ministers worried about the export of American inflation that the dollar "is our currency, but your problem."

http://en.wikipedia.org/wiki/John_Connally