In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
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About Fareed Zakaria
Fareed Zakaria was a contemporary American american journalist and author. Fareed Rafiq Zakaria is an Indian-born American journalist, political commentator, and author. He is the host of CNN's Fareed Zakaria GPS and writes a weekly paid column for The Washington Post. Read more on Wikipedia →
Themes
- Money — Thoughts on wealth, value, and material pursuits