A lot of that money goes to government worker wages. I’m all for cutting the government, but people need to be aware that the economy and government spending have a symbiotic relationship.
If you cut the government by $3 trillion, it’s gonna affect the economy, taxes and unemployment rate in a very, very big way.
I’m still for it, but it’s gonna leave a mark, and a lot of Americans will not let it happen without putting up a serious fight. “Buy ammo and grow a garden”, is all I’m saying...
****If you cut the government by $3 trillion, it’s gonna affect the economy, taxes and unemployment rate in a very, very big way.****
The flip side of this is that corporate tax rates have been slashed by about 8 percent. This is affecting the economy in a big way as well. Is President Trump trying to reduce government reach into the economy while bolstering corporate influence?
Except that those payrolls are paid for by either taxes or debt. Government produces little.