Public Sector Bailout?

by Brian Costin Private sector employment fell during the 2000’s and was 3 percent lower in 2010 than it was in 2000. Public sector had no such difficulties. This graph originally posted on the Cato @ Liberty blog shows how public sector employees have show strong growth over the last decade, especially on the state & local level....

by Brian Costin

Private sector employment fell during the 2000’s and was 3 percent lower in 2010 than it was in 2000. Public sector had no such difficulties. This graph originally posted on the Cato @ Liberty blog shows how public sector employees have show strong growth over the last decade, especially on the state & local level.

President Obama’s administration is advocating for a bailout of state and local governments to prevent job cuts in those sectors. From 1990 to 2010, the number of state and local governments employees grew roughly 31.3% while private sector jobs decreased 3%.

Increase borrowing and taxes to expand employment in an already bloated public sector will destroy even more private sector jobs and will not lead our economy to a recovery.