petra
fancythat
I am so sorry to hear that Witzend. It's a personal disaster, which when multiplied by all the other dismissals, will turn into an economic one for the USA. People on benefit cannot afford to spend, except on essentials. Economic growth will flatline and fall.
Depends if those people get jobs in the Private sector instead, I would say.
Or go into other Public service jobs where they can help say the USA some money.In one way or another.How does the public sector make money?
The government creates money by spending into the public sector.
Cutting public sector spending won’t ‘save’ money because the money doesn’t exist until it’s spent. It will only create an illusion of ‘saving’ on the assumption that it’s cutting the deficit. But as the ‘deficit’ is portrayed as the difference between spending and tax revenue it won’t reduce by much, if at all, because all those people thrown out of work will be paying no income tax and very little sales taxes because they won’t have much money to spend.
But I expect that the figures will be withheld from the public.
I’m not familiar with US unemployment statistics but it is more than possible that there won’t be enough private sector jobs to absorb the jobless former public sector workers.
Once again, I suspect that employment figures won’t be published now.
Biden’s economic policies had been lowering the rate of unemployment but I think Musk’s reckless actions will send it soaring again. I doubt if Musk or Trump have any idea how a national economy works.
) has been created in response, featuring Smokey Bear in forest ranger uniform and hat. In large letters it says "Only YOU can prevent forest fires." then in smaller letters below is added "Seriously. We've been defunded. It's just you now."