It’s estimated that the government shutdown from October 1
to 16 cost the economy $24 billion. One
commentator noted that that would have been enough to hire 400,000
teachers. After a little long division,
I figured that their average salaries would have been $55,400 or $26.52 per
hour. That’s a lot of teachers and the
average is only a little below the national median, unless it’s dropped some
more lately, so it would have been a useful thing to do. I should note that we’re talking here about
one year. To keep those teachers working
a second year would cost another $24 billion minus the income tax paid by the
teachers out of their $55,400 salaries.
Maybe it would have been better to invest some of the phantom $24
billion in infrastructure and research which might have had a medium rather than a long term payout. We will never know, because the $24 billion
is lost forever. Or is it? Couldn’t we send the bill to Senator Cruz and
John Boehner? Perhaps they could send it
on to the Koch brothers. I’m sure the brothers
are realists who believe in the axiom that you get what you pay for, so shouldn’t
they be willing to kick in at least a few billion?
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