Trickle Down Fail
The sequester decreased federal investments in national infrastructure resulting in lay-offs and more unemployment. Only 88k jobs were created in march — the least jobs created per month in the past 9 months. The Labor Dept report showed that the U.S. Postal Service, for example, lost 12k positions. The pace of job growth this year is slower than its pace last year. Effects of the sequester are expected to continue mounting well into spring. The economic recovery was gaining momentum before the arbitrary and unnecessary cuts to government services took place. Congress legislated the sequester as a means of motivating … Continue reading Trickle Down Fail