Job growth in the government sector, he said, is virtually self-defeating from a fiscal standpoint. “Government workers are being paid with taxes on borrowed money,” he said. “If you are going to create government jobs, you are just borrowing more money. Those aren’t real jobs.” The net result is that we are mired in a jobless recovery.
Wednesday, June 30, 2010
Jeff Gundlach, DoubleLine
Jeff Gundlach quotes:
Labels:
borrowed money,
government jobs,
Jeff Gundlach,
taxes
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment