BAE cut 3,000 jobs

Discussion in 'Economics' started by morganist, Sep 27, 2011.

  1. What, austerity isn't providing stimulus??!?!
  2. TGregg


    Pbbbt. Everyone knows you need high taxes for 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.
  3. 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.