CATO's Alan Reynolds doesn't account for temporary Census numbers.

http://www.cato.org/pub_display.php?pub_id=11886

He writes

" This year, by contrast, civilian employment has increased by more than 1.6 million jobs, according to the BLS Current Population Survey of households. True, the Current Employment Survey of employers shows a smaller gain of 982,000 in nonfarm jobs over the past five months, nearly half of which were government jobs. But that still leaves private employment up by 495,000 or roughly 100,000 a month. "

What he fails to account for are is the fact that the Census Inflates Payrolls according to CNN. For the most part CATO is spot on, but in this case, Alan's missed the boat. The fact is, the majority of the gains in employment are temporary census workers, who have already been laid off by the time of this writing, who were paid in additional, non productive, government dollars. This further increases inflation as the treasury credits the accounts of all these workers for a couple months, and then kicks them to the curb to immediately spend all of the money they earned, keeping what's left of our little bubble going until reelection, at which point it doesn't matter.

Believe the Double Dippers. We're not out of the woods yet. Now is the time to be skeptical and financially responsible. We're being fed a load of bull, but it's OK to spit out the funnel.