Truth: Spending Accounts and Goods

truth: When that spigot is turned halfway off, as it is now, demand for goods and services necessarily drops, according to The Guardian. The result is less investment and slower growth. Republicans' lack of alarm over the shutdown reveals a disturbing truth Ross Barkan Read more Federal spending accounts for just over 20% of the total economy. Right now some 800,000 government employees aren't collecting paychecks. None of them can buy as much as before. Nor are hundreds of thousands of government contractors being paid. (news.financializer.com). As reported in the news.

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A weblog highlighting financial topics making news in the international media.