Saturday, July 9, 2011

Memo to Govs Gone Wild: Stop cutting

Guess what's a big drag on our economy right now? The loss of state and local jobs.

All our Governors Gone Wild have got their economics exactly backasswards. That goes for Scott Walker in Wisconsin, Chris Christie in New Jersey, John Kasich in Ohio, Rick Snyder in Michigan, Rick Scott in Florida, Nikki Haley in South Carolina and Paul LePage in Maine.

Here's a chart that makes the point:

According to Kevin Drum at Mother Jones,
...federal employment really isn't all that important. It's been relatively flat for the past four decades, while the real action in public sector employment has mostly been at the state and local level. So when conservative politicians rail against the explosion of the federal bureaucracy, they're wrong on multiple counts. It's mostly local government jobs that have grown over the past few decades, and it's mostly local government jobs that have been lost over the past few years — and this has acted as a huge drag on the economy. If stimulus money should be going anywhere, that's where it should be going.