When the economy is expected to turn down, corporate America quickly engage consultants to “right-size” their workforces. Layoffs come quickly, sometimes hacking away a sizeable portion of existing staff. Uncle Sam does just the opposite, with amazing precision.
- Why would the Federal government ramp up its headcount before almost all the recessions since 1974?
- We’re not sure, but, notably, the Federal payrolls are currently spiking higher…
- In any case, are we the only ones to believe that the Federal government probably would be far more efficient & less intrusive with a fraction of its nearly 3MM strong workforce?
- Government spending soon will have to be curtailed as a matter of financial necessity & rather than cutting SNAP, SS or Medicare payments, how about we add some slack to the labor market for Powell by rightsizing the Federal government??