Tags: fiorina | california | us | debt | spending

Fiorina: US Must Cut Spending to Avoid Calif.'s Woes

Monday, 12 Jul 2010 08:58 AM

The United States could wind up mirroring California’s ailing economy if the government doesn't slash its spending now, said Carly Fiorina, a Republican nominee for Senate.

Washington needs to concentrate on reducing its massive spending and creating more jobs in the private sector, she told CNBC.

“California is kind of a test case of what happens when government gets too big, spending gets too high, regulation gets to thick, entitlements get too rich," Fiorina said. "We start destroying jobs and that's what we are doing in California.”

The growing U.S. deficit could be fixed easily with a reduction in spending, said Fiorina, the former chief executive officer of Hewlett-Packard.

“One way to make a dent in the deficit ... is to cut back on spending. And why is it that Washington, D.C., never gets to the point where they are talking about cutting spending," Fiorina said.

"We have a spending problem in Sacramento. We have a spending problem in Washington, D.C. We got to get that spending under control and we have to focus on creating private sector jobs,” Fiorina said.

While economists had predicted the employment in the non-government sector would increase, an industry report indicated that hiring has been minimal, Reuters reported.

“It's looking more and more like the job market is treading water. Layoffs are down from 2009, but hiring hasn't really picked up and this is disappointing. There is a lot of uncertainty on the hiring side,” said Stephen Bronars, a senior economist at Welch Consulting in Washington.

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The United States could wind up mirroring California s ailing economy if the government doesn't slash its spending now, said Carly Fiorina, a Republican nominee for Senate. Washington needs to concentrate on reducing its massive spending and creating more jobs in the...
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