badgenome on 18 July 2011
Isn't this always the argument when a government finally has to come to grips with its deficits? "Oh, you can't stop spending and you can't fire government workers, you'll kill the economy!" There are lots of examples of governments doing just that in spite of all the usual doomsaying (think: Canada in the '90s), and the economy only took off from there. Can you name even one single instance of an economy tanking because the government stopped racking up absurd deficits?
