That's what Republicans keep telling us, but it's hard to see how this can possibly be true. The economy is spending. Government spending is demand. Reduce demand and boost the economy? It makes no sense.And now we have a real world example of how cutting government spending, as Republicans argue, builds a gangbusters economy. As always, reality has a liberal bias.
Associated Press:
Conservative Republicans have long clamored for government downsizing. They're starting to get it -- by default.
Crippled by plunging tax revenues, state and local governments have shed over a half million jobs since the recession began in December 2007. And, after adding jobs early in the downturn, the federal government is now cutting them as well.
States cut 49,000 jobs over the past year and localities 210,000, according to an analysis of Labor Department statistics. There are 30,000 fewer federal workers now than a year ago -- including 5,300 Postal Service jobs canceled last month...[CLICK TO READ FULL POST]
