Chicken or the egg dilemma on government spending
[Benefits spending soars to new high]
[U.S. unemployment hits record but job losses slow]
Two interesting, and in my view, conflicting stories this morning. One tells us that thanks to government spending, 16% of all Americans’ income comes from the government. In other news, unemployment rises, but at a lower rate. Which begs the question, which came first?
Obviously, there are some people who would be on public assistance no matter what. However, with the rapid government spending and taxes increasing in many states, it is unclear if the government’s actions pushed people to the unemployment line. Continue Reading »
