Here's How You Add 2.4 Million Jobs to the Economy
Job seekers in Washington, D.C.
Photographer: Ricky Carioti/The Washington Post via Getty ImagesThis article is for subscribers only.
The U.S. is paying a big price in growth, jobs and wages by practicing the kind of fiscal austerity that it criticizes European nations for pursuing.
If federal, state and local governments were cutting taxes, increasing spending and expanding hiring as they did during all but one recovery since World War II, the economy would be growing 3 percent a year rather than slightly over 2 percent, the average of the past six years, according to a Bloomberg analysis of data.