Russia is in the biggest economic collapse since the fall of the Soviet Union. The country is experiencing a financial free-fall due to tumbling oil prices and crippling sanctions over its battle with Ukraine. In order to counter the crisis, President Vladimir Putin is making substantial cuts, which may not end anytime soon.
According to a signed decree last week, the president laid off 110,000 government officials, or about 10 percent. This means the staff employed by the Interior Ministry is just one million.
Simply put: Russia can’t afford to pay its state employees.
It’s reported that administrative staffers, who control road traffic safety, Russian police and paramilitary security forces, will bear most of the cuts.
Moreover, Russia is cutting back on government spending by about 10 percent this year. The cuts aren’t in a specific area, but across the board.
With the United States facing a massive budget deficit and national debt and a stagnant economy, why hasn’t Washington followed suit? Despite Nancy Pelosi claiming the cupboard is bear and nothing else can be cut, there is so much the federal government can cut back on. One of them is war, the other is welfare. Or how about firing politicians?
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