Even firing every federal employee would only reduce the deficit from 6% to 5.4% of GDP, proving that cost-cutting in government employment is not a large-scale solution to deficit problems
factualpending
Speaker
Larry SummersEvidence Quote
“even if we fired every federal employee it would reduce the deficit perhaps from six to about 5.4”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:52:24 AM
My Notes
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