Survey Confirms Workers Increasingly Worried About Economy
More Government Spending Not Helping
(Washington, D.C.) – More than four years after the end of the most recent recession, American workers continue to suffer due to a weak economy. One recent major survey shows that more than 60 percent of workers fear they will lose their jobs – the highest finding dating to the 1970s. Nearly one in three workers say they worry "a lot" about losing their jobs in the slow economy, and the same number say they worry "all the time" about meeting expenses.
These growing economic concerns suggest that the increase in federal spending in recent years is not leading to improved economic growth or greater confidence in the economy and job prospects more generally. Relatedly, a recent national study shows that while government spending supported between 14 and 30 percent of each state's labor market, all but 9 states experienced a loss of real private-sector jobs between 2007 and 2012.
Daniel Garza, Executive Director of The LIBRE Initiative released the following statement:
"Right now Washington is focused on the expensive experiment of reshaping the nation's health insurance system and growing the government's footprint. But there are millions of Americans who face even more basic worries each day: how they will pay their bills, and how they will put food on the table. Instead of trying to promote economic opportunity and generate real economic growth, many in Washington are pursuing an agenda of higher spending and more regulation. This is the wrong approach, and it will only hamper the effort to create real, self-sustaining private sector job creation.
In the last few years we've heard a lot about 'pivots' to the economy. It is time for a real, bipartisan effort to limit wasteful spending and harmful excess regulations. American entrepreneurs lead the world in hard work and ingenuity. They will succeed if Washington simply gets out of the way and allows them to."
For interviews with a LIBRE representative, please contact: Judy Pino, 202-578-6424 or Brian Faughnan, 571-257-3309.