BakshisMouse
Rookie
- Jun 28, 2011
- 702
- 70
- 0
- Banned
- #1
All of the conservative pundits talk about how lower taxes and less government spending are key to recovery and jobs. However, even as federal, state and local government spending as a whole is falling, and the USA has comparatively low taxes, the unemployment rate is intolerably high.
Every time I turn on the local news, I hear of some county having to cut teacher or emergency personnel jobs because of budget shortfalls.
What if the federal government could use its spending power to reverse these trends? As much as conservative pundits like to point out trillion dollar deficits, the USA has comparatively low external public debt to GDP compared to other countries, and interest rates on treasury notes are abysmally low.
What does the federal government have to lose by helping state and local governments rehire their workforce? Not only could productive work be done, but the salaries that these formerly unemployed people will receive can be used to spend on private goods and services, which would only grow the economy.
Every time I turn on the local news, I hear of some county having to cut teacher or emergency personnel jobs because of budget shortfalls.
What if the federal government could use its spending power to reverse these trends? As much as conservative pundits like to point out trillion dollar deficits, the USA has comparatively low external public debt to GDP compared to other countries, and interest rates on treasury notes are abysmally low.
What does the federal government have to lose by helping state and local governments rehire their workforce? Not only could productive work be done, but the salaries that these formerly unemployed people will receive can be used to spend on private goods and services, which would only grow the economy.