This chart shows yearly changes in government spending for goods and services.
As you can see, the numbers crossed over to the negative at the beginning of the year, and have been declining ever since. According to Krugman, the numbers correspond to slower job growth.
If government spending is necessary to sustain the recovery, is it crazy to pursuing cuts in spending now, while unemployment is still about 9%?
As you can see, the numbers crossed over to the negative at the beginning of the year, and have been declining ever since. According to Krugman, the numbers correspond to slower job growth.
If government spending is necessary to sustain the recovery, is it crazy to pursuing cuts in spending now, while unemployment is still about 9%?