Why would you think that? The spending he has planned to cut is non critical spending.. so all the money and human capital freed up would go right back into the real economy. It would also reduce entropy levels in govt administration.

Its the recipe to get out of the recession. If we continue following the same basic path Japan did after their bubble burst, like them, we will be looking at multiple decades of stagnation.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)