President Barack Obama – citing the job losses since he took office — said “the economy would be much better off,” unemployment would be 6.5 percent and the national deficit would be in decline if there were more federal, state and local government workers.
“If those layoffs had not happened, if public sector employees grew like they did in the past two recessions, the unemployment rate would be 6.5 instead of 7.5,” Obama said. “Our economy would be much better off, and the deficit would still be going down because we would be getting more tax revenue.”
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