4 ms·
just cutting government spending would automatically put the US into recession, deficit spending is the only thing that has kept things going. Huge amount of jo
by ren_engineer 2y ago
just cutting government spending would automatically put the US into recession, deficit spending is the only thing that has kept things going. Huge amount of job growth is either direct government hiring or indirect through businesses hiring off revenue from government contracts
- cbeach 2y agoMigrating employees out of the state (which leeches economic output from the private sector) will have positive long-term economic outcomes.
- FredPret 2y agoMoving some employees from government (which has some economic value and some non-economic value) to the much higher economic productivity private sector will be brilliant for the economy long term. But that doesn't mean the most chaotic approach is the best one. Bill Clinton shrunk the federal workforce by 400k without crashing the economy. I'm a huge free market fan but I note that there's a lot of nice things that come from government jobs, for example clean and safe streets, or well-planned highways, and many others.
- cbeach 2y agoAre you implying that shrinking the federal workforce is responsible for the current stock market correction? Do you have evidence Musk and Trump are firing the people that keep streets clean and safe, and plan highways?
- darth_avocado 2y agoHistoric job growth means nothing if everyone needs 3 jobs to earn median household income.
- ben_w 2y agoTautologically, everyone taking three jobs is what causes median hosehold income to be at that level.
- rozap 2y agoTautologically, but also pedantically.
- _DeadFred_ 2y agoThree jobs all with floating schedules and zero guaranteed hours of work in a week.
- rat87 2y agoI'm tired of this fallacy. Yes this administration does seem to be crashing economy for no good reason but I don't see last time I looked pre election the statistics for number of people with second jobs was low/not out of line with historical percent and I highly doubt that has changed significantly. Wheres your proof that everyone is working 3 jobs?
- AnotherGoodName 2y agoThe current administration has stated that the deficit spending will increase by this year. You may have the alternate opinion due to a few million being saved in chainsaw cuts by DOGE but the proposed tax cuts are orders of magnitude higher.
- danaris 2y agoIt wouldn't have to be deficit spending if we raised taxes on the highest earners to levels more like what they were before Reagan.