The government' s continuing failure to address our nation’ s gut-wrenching unemployment stems from a fundamental disagreement over how jobs are created in the first place.
We are now in the third year of policies predicated on the assumption that government spending creates jobs. We have been squandered three years and trillions of dollars of the nation’s wealth on such policies, and they have not worked so they cannotwork。(1)____(2)____ Government cannot inject a single dollar into the economy if it has first taken that same dollar out of the economy.(3)____
True, we can see the job that is saved or created when the government puts that dollar back into the economy. That we can't see clearly are the jobs that are destroyed or prevented from forming because government has first taken that dollar out of the economy.(4)____ We see those millions of lost jobs in a chronic unemployment rate and a stagnating economy.
Government can transfer jobs from the production sector to the government sector by taking money from one and giving it to the other.(5)____ That's the heart of the president's plan to spend billions of dollars to hire more teachers and firefighters than police officers.(6)____7)____ But these temporal government jobs come at a steep price: every dollar spent on sustaining one of these jobs is a dollar taken from the same capital pool that would otherwise have been available to productive businesses to invest creating permanent jobs.(8)____(9)____(10)____