Del. Holmes Norton: A Shrinking Federal Government is Why There’s Little Private Sector Growth
(CNSNews.com) - Del. Eleanor Norton (D-District of Columbia) says private sector jobs are not showing much growth because the federal government is shrinking.
“What is shrinking is not the private sector – it’s hard for them to grow because the public sector, both the state sector and the federal government is shrinking and they are having to grow it all by themselves and that is why we don’t have much growth,” Holmes Norton said.
The delegate discussed her economic theory during last Friday’s House Democratic Steering and Policy Committee hearing on "The Impact of Sequestration on Women and Families."
As CNSNews.com previously reported, according to the U.S. Treasury and the Census Bureau, inflation-adjusted federal spending per person increased by $822.90 between 2008 and 2012. In constant 2012 dollars, the federal government spent $3,176,376,470,000 in 2008 and $3,538,446,000,000 in 2012.