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> Budget cuts meant that America stopped publishing some national-accounts data last year Governments need to invest money to properly work. many countries hav
by Frieren 2y ago
> Budget cuts meant that America stopped publishing some national-accounts data last year
Governments need to invest money to properly work. many countries have been following neoliberal policies, not only the USA. Cut everything that the government does to cut taxes for billionaires and to not fix the mega rich getting loans instead of profits to not be taxed, and countries will fall.
A modern country needs investment. Accounting is just one of the many things failing.
- programmertote 2y agoThat's true. I currently work for a boutique real estate consulting firm. A senior guy, who has been working with Census-sourced data for two decades or more AND has good sources within the Census bureau--of the firm told me that Census department is considering of stopping some survey data (some sections of American Community Survey or some sort is what I recall as an example he used; but please don't quote me on that) due to lack of sufficient budget. One trivia that I learned: some parts of the Census building permits data is collected in the old fashioned way via mail. The Census bureau has to consolidate these disparate sources of building permits from 3100+ counties and deliver monthly, annual revised monthly, annual summary values. It's kind of labor intensive and error prone (and thus, revised data is released once a year) to collect.
- s1artibartfast 2y agoThe US federal government, broadly speaking, does not invest money. It is an insignificant part of the budget. For example, infrastructure is ~2% of the budget, and that includes both maintenance and waste. The vast majority of federal tax funds are spent on non-investment welfare consumption of one form or another.