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Does Harry Reid Have It All Wrong?

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    Senate majority leader: Private sector fine, spending plan needed for government jobs

  • Duration 9:01
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True nine point 1% unemployment America and I agree one.

Is doing just fine.

It's very clear.

That private sector jobs and -- doing just fine it's the public sector jobs where we've lost to Jim numbers that's -- this legislation's all about.

Ahead of the senate says we need more government jobs to get the economy going after all they got DC going.

The nation's capital is now the level of wealth in America the average compensation last year a 102 -- -- six.

Grant but some -- here says for out of work Americans outside the beltway.

-- the problem hi everyone I'm Brenda Buttner has Bulls and Bears let's get right.

You at Wimbledon there's this week Tobin Smith Jonas -- spare if Todd Schoenberg -- from the black bay group.

Along with acts and how fat and management's got Martin's hands is in hot.

A former senior advisor at the Treasury Department welcomed everybody Scott the private -- is just finally need more government jobs.

Brenda another case of -- guys that government knows best the government says we create the best jobs not the private sector.

Brenda -- right you have right -- you know.

-- the recovery began in 2009 the private sector is lost well over a million jobs.

The governments created about a 100000.

-- unemployment at nine point 1%.

GDP is struggling -- just over 1%.

We're doing great.

Okay season while unemployment has fallen and about half of the states.

Yeah I don't agree with senator -- characterization -- the private sector is fine but I think the ponies trying to make is that you look at the past year.

The private sector is adding jobs albeit -- uniquely but they're adding jobs whereas the public sector has lost 300000 jobs over the past year.

An -- -- not the big sitting on the public dole jobs these are firefighters police officers first responders and teachers.

And this is sort of a defensive play for the economy to say we can't afford to continue losing these jobs at this level it's gonna start to impact society and our safety tubby isn't.

-- reason for that.

What will surely there's -- mean there's two issues -- most times for instance teachers' education is paid for -- property taxes in these various regions and the properties were way over -- they're coming back to a normal value and the tax revenues are a lot less that we had too many employees that -- on that all we have to adjust to the new reality what he's saying also is He was a higher specifically jobs that -- union -- -- -- union jobs of the same people who donate the Democratic Party see you can't say this is not crony capitalism at -- worse.

Now I'm Todd Susan says these are basically.

Looking at lawyers and in Washington but in fact.

A lot of federal.

Jobs that pay a lot more than the private sector.

He got that right Brenda -- -- already talked about a 126000.

Hours but look at some of the other jobs in the federal government right now.

He just simply look at a -- they make 65000.

Hours here.

47%.

More than what you're gonna get in the private sector.

Broadcast technician makes more than double 85 grand don't tell our guys that -- the sport they want thousand dollars a year then it goes it goes well I would look at the inflation is there with just these jobs alone -- would at saint -- above the government jobs but there's clearly has to be a step back on some of these salary.

But the -- in -- in of -- being targeted this Dell the teachers that firefighters.

They're median income is 47000.

Dollars a year okay this is not about it revised number and know what -- That would have been number benefits that would benefit -- there was a lot of friends here without benefits it seems like a wolf say that there's a reason that federal.

We're gonna go workers make a lot more money than people yet okay the health care plans the pensions are a little more lucrative -- -- -- a little.

Garbage you know.

There's not a lot of people who worked for the federal government its last -- percent of the country it has -- grow its lower now than it was in the eighties under Reagan.

And frankly they usually have college degrees they're usually in their forties and fifties.

The private sector has a lot of low end jobs a lot of lower -- -- -- you gonna make as much money -- metal workers just because of those two Basque Country are you living in right now are you kidding me.

The red.

Tape and bureaucracy that's there these people are working nine to -- you -- in -- private sector you're working fourteen -- today.

You have all these smokers and the federal government has an extra two weeks of vacation but you're talking about a very very small amount of people couldn't even ruining its how -- the -- -- -- the board is good because all the spending that goes on.

This wage force is well small and it.

Right now I don't -- and I don't -- can't.

Jonas is obviously -- we might we -- 200000 federal jobs from -- 092011 -- -- -- fact but but the real issue here is that I'm in DC.

It's not just this job this person -- the job in the capital there's three other jobs that are depended on them that are -- the outside -- not limited to the beltway area all the contractors and subcontractors that sums up our clients Carter that He and one that's that's reading is not real well and it's a private job you.

I don't know why did the unemployment rate would be below 9% if government workers were being caught every month as fast as I cannot that I epic overtime about the economy and at some point in time the economy gets -- because -- area support all this -- -- -- -- The issue Tobin has me more government half firing state local federal there's this administration there's -- -- 200 years we can't remember I mean well I'm -- -- -- -- The problem is the Tesoro RY -- -- it and you can't criticize this is the first.

In the night in the two thousands government workers jumped private sector orders declined and -- whole decade.

And that's luckily federal -- in pilot has a Florida.

So -- -- John that's what what do you how do you explain that the last ten years the government workers climbed.

And private sector workers declined in the economy doesn't need these private sector -- -- On this Jonas their pay went up over that -- -- private sector work they went down and I mean that's that's the whole problem they actually shrunk.

Yet their -- went up and and how does that make any sense well.

Gotta get ourselves what it when you take let's say the 1000001 point seven million jobs in it direct there's another four million indirect jobs are all coming for the same source.

We we we don't have the income to be able to do that if we -- all the taxes on everybody got their tempers that we still would have income disparity is people we have to get in balance in the private sector knows this and that's one of the reasons why we have -- unstable economy people are not are are sure that are on sustainability.

Is unsustainable.

Isn't an -- wealth that I just don't know how you when you have a world where.

Businesses and every -- -- readers saying we have a skills gap we don't have the high enough education of people.

That -- gonna try to cut teachers we lost 26000.

State local education jobs just last month so the idea that we're gonna searching -- our kids and somehow maintain our economic dominance in the future is just forget about.

-- just like 6000 were actually administrators -- -- many states we have one administrator for every three teachers in the countries that are kicking -- -- they have one administrator -- twenty teachers that you -- it is kicking our -- you're telling -- that our federal government has always thought -- there -- taking our -- tied -- and there's a -- -- about and stopped at a very little value -- I'm talking about other countries -- -- don't think there's a major country that employs less of a percentage of the population in government and federal government jobs in America is this -- -- -- question you just said -- countries -- -- -- -- and they don't do -- to preserve the -- -- we have less credible partners.

The most of these aren't confident -- Barbara here's something you guys are talking about right now is the amount of money that this US government has the borrowed justice -- -- -- these pay at least see salaries.

For these federal workers right now the US government bars forty cents -- the -- -- just the pay these inflated salary costs right now to notice that something they had -- -- -- it was actually only 20% just three years ago and it keeps going -- -- the -- -- the fault of the stable labor force that we -- the federal government for twenty -- you can.

-- -- -- -- It's just -- go out at the look the federal employment has a -- -- but the taxes have gone down in the one that's claims are probably just raise more than god bless you.

God bless you but here's one issue.

Private jobs actually create well.

Public company suck money out of the economy and -- very -- -- -- -- like -- -- -- points but don't we are talking about -- economy -- getting jobs and prosperity comes from private sector -- it does not come from transferring money from the Defense Department will should be happy because they -- putting government jobs every -- look at the reports you guys act like they're adding all these -- apparently what we're -- here's why we should -- another forty billion -- -- bunch of people that we -- can't -- that are all union workers anyway I mean that's that's the issue He -- Being that we don't need these teachers in these firefighters needs first responders -- -- It it's not seem and we have the tenth anniversary of 9/11 you think you -- -- Buehrle laundry right state park attack -- -- talking about the teachers in the.

-- -- Well I think that that that.

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