This isn’t renovating an old house, it’s pouring kerosene around, torching it to collect the insurance money, and saying you might rebuild whatever you miss. They’ve squandered billions of dollars in past investments, incurred massive liabilities, and are making all future work more expensive.
Say you do need the government to actually do something: how much more money are qualified people going to expect when they can’t count on decent working conditions or job security? How much more will every government contract cost when past history of failure to pay has to be priced in? Every federal job supports multiple private sector jobs, and federal spending provided a consistent economic baseline in many parts of the country, too, so that’ll all be happening within a hard recession.
Say you do need the government to actually do something: how much more money are qualified people going to expect when they can’t count on decent working conditions or job security? How much more will every government contract cost when past history of failure to pay has to be priced in? Every federal job supports multiple private sector jobs, and federal spending provided a consistent economic baseline in many parts of the country, too, so that’ll all be happening within a hard recession.