What foolish government gives tax breaks to companys to take jobs away from americans? Our government did.How do we change it?
…..The downturn in the economy last year has prompted many companies to make widely publicized layoffs, resulting in thousands of lost jobs. Economists predicted that these layoffs would cause people generally to cut back on their discretionary spending even if their jobs were secure, in anticipation of coming hard times. However, this prediction has not come to pass, since there has been no increase in the amount of money set aside by the general public in savings accounts.
….
whats the meaning of to make widely publicized ??
whats the meaning of cut back on their discretionary spending ?
has not come to pass what it means ?
This paragraph is heavily confusing to me 
someone please simplify the overall meaning …..especially the last line is too complex to understand.
what they are trying to say ?