Promise? Do you share the belief of many economists that federal, state and municipal AUSTERITY PROLONGED THE RECESSION and continues to hamper full recover? In vox article, while Government spending really surged in 2009 thanks to the federal stimulus bill.... starting in 2010, aspects of the stimulus started to fade out and budget cuts made in state and local government were pulling in the opposite direction. Then we had a three-year period in 2011, 2012, and 2013 when total spending in the United States was basically flat. You had state and local cutbacks, and then, just as state and local budgets were getting in better shape, you had sequestration cuts taking effect. But now in 2014, government spending is surging again. Not back up to Bush-era levels, but up off the floor from the prime austerity level.
Posted on: Sat, 10 Jan 2015 05:51:29 +0000
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