Lets put this in "business" terms.
If you have an arm of your firms that costs $50k to operate, but it produces $500k in profits, and you cut it, you don't save $50k, you lose $450k.
By cutting billions, they have the potential to reduce future growth by the trillions.
If you have an arm of your firms that costs $50k to operate, but it produces $500k in profits, and you cut it, you don't save $50k, you lose $450k.
By cutting billions, they have the potential to reduce future growth by the trillions.
Reposted from
Don Moynihan
Please stop saying it saved money until you understand the value of what was cut. They are downsizing, and if the stuff getting cut had real value, its not a saving.
Comments
or someone getting a piece of the action.
it's never about the products and services.
US post office is the most obvious example