On that note, the reason to create the buffer is not to consume it to cover your life is anything goes wrong, like an emergency fund. In the bad cases, chances are no amount of savings will help you, but because it gives you time to adapt and unwind your own positions. The assumption goes that if you do lose your job, you'll begin to cut expenses rapidly, no matter what, and money will give you the time to do that (alternatively, time to give you a new job - however, since that is questionable, the attitude should be to minimize expenses, not continue living the way you were on the expectation of getting a job.)
No matter what political theory or view of the economics... or even what your forecasts are... I don't see why it isn't personally a good idea to buffer yourself now. And the less benefits you have (employment insurance/etc), the more important it becomes... And the more coverage you need (ie: medical insurance for your family), the more important it is, otherwise you risk a serious issue that could permanently hamper you and your family.
In essence, we are all gambling that things won't be too bad. Saving money won't protect you if it does get bad. Nothing will. But it sure will make life easier for the mid-range of bad outcomes (which are very probable at this point.)