April 17, 2016

Cutting government spending now hurts everyone.

By Glenn

This chart from Brad DeLong has to be my favorite for understanding “what’s missing?” or “what’s different?”. The one area of the economy that is going down is government spending. If conservative economics were correct, the economy should be rocking. Instead it is making slow but steady progress. Voters need to stop punishing government workers with job cuts and wage cuts. These cuts are hurting everybody.


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