Big Gov't creates private-sector jobs all the time

Two huge take-aways here:

1) Compared to previous recessions, the real difference in the recovery from Dubya's Great Recession is not the comeback of private-sector jobs -- those are about on pace.  No, it's the huge cuts in public-sector jobs.  

Source: EPI

2) The economic "multiplier" of state and local spending is around 1.24.  And roughly 0.67 private sector jobs are lost for every public sector job cut.

So when people like Rush Limbaugh parrot the line that "government never created a job," that's just hogwash, because that's real money moving through the economy that ALWAYS ends up in the hands of the private sector eventually, with the same economic effect as any other kind of private spending or investment.

How Public Sector Jobs Beget Private Sector Ones

By Jared Bernstein

July 13, 2012 | Huffington Post

URL: http://huff.to/NGR50e