Well it looks like we will be blowing more money to "save" jobs.
The legislation provides $10 billion to school districts to rehire laid-off teachers or ensure that more teachers won't be let go before the new school year begins. The Education Department estimates that that could save 160,000 jobs.
That is $62,500 per job saved. Of course the average salary for a teacher is less than $45,000 each. So that means we overpaid by $17,000 per each job "saved." I would be willing to bet that most of this money will go to pad the bloated bureaucracies at the department of education in many states. I can't wait until the CBO goes over this thing next year and they find out is "saved" like 25,000 jobs or something similar.
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