The private sector has cut costs, in some cases drastically, to navigate through the recession. The public sector is spending more than ever at the federal, state, and local level. Recovery cannot begin in ernest until this government bubble bursts.
Yup!
The government is spending so much federally and locally I don’t see how anyone but the govt workers and wall street firms can recover in this mess as all the money being spent is going to those sectors.
Everyone else is screwed.