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THE US Economy (merged)
Re: THE US Economy (merged)
by Lore » Mon 04 Mar 2013, 13:08:51
Haven't you heard, spending cuts are good, unless they're related to defense, and structural investment bad.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
... Theodore Roosevelt
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Lore - Fission
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Re: THE US Economy (merged)
by Pops » Mon 04 Mar 2013, 14:41:53
Since WWII spending has been about 20% and taxes 18% of GDP, today spending is 24% and taxes are 14%...
I wonder what needs to happen?
There was no "hike" in payroll taxes, there was an end of a 2 year holiday.
I wonder what needs to happen?
There was no "hike" in payroll taxes, there was an end of a 2 year holiday.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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Re: THE US Economy (merged)
by Graeme » Sun 05 May 2013, 19:54:22
DOE Smart Grid Projects: $6.8 Billion Economic Boost, 47,000 Jobs
$this->bbcode_second_pass_quote('', 'A')s American government seek out the best industries to invest shrinking public funds for the biggest return on investment, one economic sector offers the most bullish outlook around – the smart grid.
An analysis from the US Department of Energy (DOE), “Economic Impact of Recovery Act Investment in the Smart Grid,” reports smart grid projects funded through the American Recovery and Reinvestment Act (ARRA) created nearly $7 billion total economic output, nearly 50,000 jobs, and over $1 billion in government tax revenue.
DOE’s analysis covers $1.48 billion in ARRA investments from the Smart Grid Investment Grants (SGIG) and Smart Grid Demonstration Program (SGDP) programs, as well as $1.48 billion in associated matching investments made by grant recipients in the private sector between August 2009 and March 2012.
Smart Grid Funds Created Over 2-to-1 ROI
During a period of stagnant economic growth, the impact of ARRA’s smart grid investments shines like a beacon. According to the report, nearly $3 billion in combined smart grid project funding generated at least $6.83 billion in total economic output.
In addition to total economic output, DOE estimates ARRA smart grid investments boosted overall gross domestic product (GDP) by $4.18 billion. The smart grid GDP multiplier is higher than many other forms of government investment – for every $1 million of direct spending, GDP increased by $2.5-$2.6 million.
Stable, High-Paying Jobs
So just how did ARRA investments in smart grid projects create so much economic activity? The answer is pretty straightforward – jobs in the smart grid industry are stable, pay higher wages, and ripple throughout the overall economy by creating demand down associated supply chains and across other service sectors.
Since economic output and GDP can be esoteric, the full impact of smart grid funding is best understood through actual jobs and paychecks. Approximately 47,000 full-time jobs were supported by ARRA grants, including both newly created jobs and existing jobs that would have been lost without the investments.
$this->bbcode_second_pass_quote('', 'A')s American government seek out the best industries to invest shrinking public funds for the biggest return on investment, one economic sector offers the most bullish outlook around – the smart grid.
An analysis from the US Department of Energy (DOE), “Economic Impact of Recovery Act Investment in the Smart Grid,” reports smart grid projects funded through the American Recovery and Reinvestment Act (ARRA) created nearly $7 billion total economic output, nearly 50,000 jobs, and over $1 billion in government tax revenue.
DOE’s analysis covers $1.48 billion in ARRA investments from the Smart Grid Investment Grants (SGIG) and Smart Grid Demonstration Program (SGDP) programs, as well as $1.48 billion in associated matching investments made by grant recipients in the private sector between August 2009 and March 2012.
Smart Grid Funds Created Over 2-to-1 ROI
During a period of stagnant economic growth, the impact of ARRA’s smart grid investments shines like a beacon. According to the report, nearly $3 billion in combined smart grid project funding generated at least $6.83 billion in total economic output.
In addition to total economic output, DOE estimates ARRA smart grid investments boosted overall gross domestic product (GDP) by $4.18 billion. The smart grid GDP multiplier is higher than many other forms of government investment – for every $1 million of direct spending, GDP increased by $2.5-$2.6 million.
Stable, High-Paying Jobs
So just how did ARRA investments in smart grid projects create so much economic activity? The answer is pretty straightforward – jobs in the smart grid industry are stable, pay higher wages, and ripple throughout the overall economy by creating demand down associated supply chains and across other service sectors.
Since economic output and GDP can be esoteric, the full impact of smart grid funding is best understood through actual jobs and paychecks. Approximately 47,000 full-time jobs were supported by ARRA grants, including both newly created jobs and existing jobs that would have been lost without the investments.
theenergycollective
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
Fatih Birol's motto: leave oil before it leaves us.
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