The federal government, the nation’s largest consumer and investor, is cutting back its spending at rates that haven’t been seen since “military demobilizations following the Vietnam War”. As the government seeks to make up ground on the tremendous debt that has racked up throughout the years, spending and budget cuts have been as noticeable at the federal level as they have been at the state and local level, the New York Times states. “Federal, state, and local governments now employ 500,000 less workers than they did on the eve of the recession in 2007”.
While workers from federal, state and local governments are cut to save budget costs, government spending continues to rise for programs such as social security. Furthermore, the constant debate on government spending for healthcare, all things measured, seems to spark the debate on, where should our money be lodged? How much money is being mis-directed within the United States? Read more about this compelling article at: