Krugman says that if he could make economic policy by fiat, he would start by rehiring all the public sector employees who were laid off in the past four years. "Normally state and local employment grows with population," he notes. "Instead it has shrunk by 600,000 over this period. So if we were to simply rehire those fired schoolteachers — go back to the kind of employment that we should've had on a normal track at the state and local level — right there we could add well over a million jobs. And before you know it, we'd be back to something that felt a lot more like prosperity."There are perhaps a dozen entries in this blog that make these same kind of points from many different perspectives. The Republican Party has played a cynical game of stalling and preventing good economic policy toward the selfish end of blaming a Democratic Presidency so that they can gain power and end the social contract between the government and the people. Paul Ryan is an emblem of this cynicism.
WI 1848 Forward: #NPR : Paul #Krugman 's Prescription For A ' #Depression ' (Mine - vote #GOP ) #47% #ows #99% #AARP
WI 1848 Forward: #NPR : Paul #Krugman 's Prescription For A ' #Depression ' (Mine - vote #GOP ) #47% #sequester #AARP