M
morganist
This is quite a big thing in England. They reckon another 5,700 people will be unemployed through this.
http://www.bbc.co.uk/news/business-15073105
http://www.bbc.co.uk/news/business-15073105
What, austerity isn't providing stimulus??!?!
At least take all the money from the people who earn it and give it to the people who don't. That's how you make an economy rock.
I kind of get the feeling that Keynesian policy is similar to martingale. If you provide stimulus and it doesn't work out then you are in debt on top of previous problems.
You have the government operating deficits (for defense amongst many things). When you cut defense spending or any type of public servants you pile them onto the existing unemployment. Many might even be forced to take welfare benefits.
A dollar public spending cut will probably be much less than a dollar net in cuts.
You have the government operating deficits (for defense amongst many things). When you cut defense spending or any type of public servants you pile them onto the existing unemployment. Many might even be forced to take welfare benefits.
A dollar public spending cut will probably be much less than a dollar net in cuts.