Last week I was forced to admit that the Federal Government was indeed creating jobs (albeit in the field of bankruptcy attorneys and repo-men).
Today I once again am forced to admit another area of job growth: federal government employees. Because, it seems, according to the president’s new budget, federal civilian employment in the executive branch will be 15% higher in 2011 than it was in 2007.
Of course, the only problem with this is that for each taxpayer-funded job created, multiple jobs in the actually productive private sector are lost, leading to a reduction in economic growth, and therefore lower living standards for all.
So, essentially, useless jobs are being created, that we’ll all have to pay higher taxes for, and will prevent business from hiring more employees. Yay.