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I don't think it's the government job to grant everyone a job (at least in the USA, in other countries it is). But that wasn't my point. What is important for
by nanairo 16y ago
I don't think it's the government job to grant everyone a job (at least in the USA, in other countries it is). But that wasn't my point.
What is important for a country is the ratio of debt to GDP. Currently if you keep cutting like this the debt may decrease, but the GDP will have decreased so much more than it will be HARDER and not EASIER to pay the debt.
Government economics are not the same as household economics. When the economy is picking up steam, then the government can start to withdraw support.