Reply to ripple effects from government employment/contracting uncertainty in DMV economy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted. [/quote]

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

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And this will affect the entire country.  Idiots who cheer on don't realize that all these unemployed feds and contracts have skills and will be competing for the office jobs with them applying online and even working remotely for less.  A fed working remotely for less in private industry will be just fine.  And many will relocate to their precious red states and contribute to the unemployment lines.  Many private businesses across the country will collapse, people have no idea how things are connected.  They think they are cutting the fat not realizing how much of our GDP and even parts of global economy depend on our government spending.  Should it be reduced? Absolutely, but not the way it's done.  It's just a way to a massive recession across the entire USA.[/quote]

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