From Greg Mankiw's blog:

The NY Times reports:

administration officials are counting on a lift this summer from the $168 billion economic stimulus package that Congress passed last week and from the Federal Reserve’s recent decisions to reduce short-term interest rates....[CEA Chair Edward Lazear] predicted that the stimulus package would create an additional 500,000 jobs this year.

In other words, each job created adds $336,000 to the national debt.

Comments

[dan]

Next time we should simply find the 500,000 people who are getting these jobs and give them each $250,000. It will save time and money.