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100% of September job losses due to Govt job cuts

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The Gvt reported today that the US lost 95,000 jobs in the month of September. But, the private sector created 64,000 jobs! So, where did the net 95,000 job loss come from? From Federal, State and Local governments slashing 159,000 public employees off the payrolls. Local governments accounted for 76,000 of those job losses.

In other words, the aversion to raising taxes (or borrowing money at the federal level for purposes of helping avert job losses at the state and local levels) is directly responsible for the anemic job growth in the United States at the moment.


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