You know, we already did this. It was called the Great Depression. After a couple years when the economy started to look like it was improving, FDR tried to cut spending in response to deficit hawks in 1937, and the economy tanked, and we were screwed for 10 years in Depression.
We literally are repeating the same mistakes. The exact same mistakes. Unbelievable.
http://thehill.com/blogs/floor-actio...eral-workforce
Quote:
Hatch, Coburn seek $600 billion in savings by cutting federal workforce
By Pete Kasperowicz - 08/03/11 12:37 PM ET
GOP Sens. Orrin Hatch (Utah) and Tom Coburn (Okla.) on Tuesday introduced legislation that aims to save $600 billion over 10 years by freezing federal salaries and bonuses, cutting employees and contractors by 15 percent and cutting the federal travel budget by 75 percent.
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