I am the Rhode Island State Coordinator for the Progressive Democrats of America. My primary interest is Rhode Island's economy and what we can do to fix it.

2 responses to “RI – What Went Wrong: Austerity’s Effects”

  1. jgardner

    Sam, couldn’t one also make the argument from the other direction — that heavily increasing public sector employment could also harm the economy? What I mean is the money to pay for all those gov’t employees has to come from the taxpayers, That’s money taxpayers now do not have to pay their mortgages and put food on their tables etc…

    “Everyone has their favorite story of mistreatment at the hands of our government,”

    Isn’t that how it always is though? If you want to sour people on the idea of reduced gov’t spending, start by cutting the most taxpayer-facing positions available, like the DMV.

    “When governments decide to throw out a century of economics and pretend that taking a chainsaw to the public sector will somehow magically not wreck the economy”

    Gov’t did that nationally after WWII — they cut gov’t spending by around 25% and lifted many of the capital restrictions placed on the command-style economy. While there was a 1 or 2yr recession as everyone adjusted, the economy did not go into the tank as popular economists at the time had claimed would happen, but recovered quite well.

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  2. RoundHouseLeft

    @jgardenr  gadzooks, one wonders what one thinks…..at least two recessions (some economists say three) pre-Korean war.  So when you say “recovered quite well” it begs the question….say what?

     

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