by mcgowanjm » Fri 11 Dec 2009, 12:49:50
$this->bbcode_second_pass_quote('wxman', 'F')ederal employment as a % of the population has been falling for 40+ years. The real increases in budgets and employment have been at the state and local levels, but they aren't as easy of a target as the big, bad feds.
So how has Federal energy consumption and debt levels soared,
as states have been balancing (at least the cosmetic attempt)
theirs?
The ONLY reason the Fed hasn't been growing, in numbers, is because
of the privatizing of formerly Federal functions.
$this->bbcode_second_pass_quote('', '
')Instead, this has been a policy of wealth redistribution through an inflationary tax that operates through the exchange rate and price channels, by confiscating wealth from workers, foreign and domestic creditors, and awarding it to borrowers. This form of purchasing power redistribution can dry up real savings and investment and can have unintended consequences for growth and unemployment.
')That's pretty interesting, it seems most of the problem happened in the Bush years.