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View Diary: Public sector austerity still slowing U.S. economy (17 comments)

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  •  The drop in govt spending (0+ / 0-)

    was in the military. Who doesn't think that a drop in military spending is a good thing?

    •  Spending cuts affect *people* (1+ / 0-)
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      And those effects spiral.  

      Cut defense dollars?  That means lots of layoffs in defense and high-tech industries, particularly along the West Coast.  That means laid-off workers now forced to forgo discretionary spending of all types — maybe put off the purchase of that new car. So the drop ripples out to the automotive sector.  They put off doctor visits.  That impacts the doctor's bottom line, too.  

      The notion that you can cut government spending — on anything — without forcing suffering on the part of the public, is just unbelievably naive.  The bottom line is this:  cutting spending — in any sector of the economy — during a time of declining wages, declining standard of living and negative job growth, is simply foolish.  We should have already learned that from the recent experience in the UK.  

      Shirley Chisholm was right. Our Republic is in deep trouble.

      by Big River Bandido on Wed Jan 30, 2013 at 01:31:53 PM PST

      [ Parent ]

    •  If we took those cuts to military, which I support (3+ / 0-)
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      Roger Fox, Woody, Calamity Jean

      and reinvested them in a jobs program to build things that don't go "bang", then yeah, that would be great.

    •  On a personal level I don't (1+ / 0-)
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      I lost my job because of this.

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