[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
