Reply #177: There is a huge problem with your analysis. An error.

[Usrename]

The economy is growing, not shrinking.

This is a fact.

"Example. The economy tanks, private sector workers (the vast majority) are losing their jobs, taking pay and benefit cuts, etc. The private sector no longer has a much to give. This means the budget allowed for services goes down, therefore people like teachers and nurses get pay cuts or laid off (just like the private sector), and people getting resources from safety net services have their allowances reduced."

You might want to try and rethink how this happens in an expanding economy.





(clue: The rich get richer and the poor get poorer.)