Your willful ignorance is most impressive.Show us where "slashing federal spending" has turned around an economy. Anywhere, anytime, ever.
Thanks a bunch.
Example? You need look no farther than the US post-1945. Largest cut in us FEDERAL Government spending (a.k.a. CONSUMPTION) in history (from 48% to 15% of GDP), resulting in the largest expansion of economic productivity and wealth in human history.
You've got a lot to learn - if you can overcome your anti-globalist neo-Luddite progressive lefty wealth-redistributionist class warrior ideological mind-lock.
When you're spending <18% of GDP on Government (= essentially all forced CONSUMPTION), no problem.
When you're spending 40%, as we are today in the US - you're diverting scarce wealth into forced consumption that would otherwise be available to fund investment and economic growth. You're eating your economy's seed corn, in simple terms.
The US is limping along at an anemic 0-2% p.a. GDP growth for one main reason - THE FEDERAL GOVERNMENT IS SPENDING TOO MUCH. Adding to this is the fact that these incompetent crooks are funding this Potemkin Economy Party with fake money - forcing the nation to mainline fiscal heroin - and their Wall Street banker buddies are the Drug Lords who are profiting by it.
When the Fed's "free" dope supply is cut off, it's going to be Panic in Needle Park for America's middle class - it will be ugly.
Just remember who got us hooked - Barry Blow. He'll be laughing on the beach in Hawaii.