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GOP budget proposal would increase likelihood of recession and cost the US 780,000 jobs. As usual, Republicans are incapable of managing a budget.
US Republican Debt Ceiling Plan Would Slow Growth: Moody's
The plan proposed by Republican House Speaker Kevin McCarthy to raise the US debt ceiling in exchange for cuts in government spending would slow growth and cut employment, Moody's Analytics said in a note Monday.
According to the ratings agency's research arm, if the draft presented by McCarthy on April 17 were passed as is, it would lead to a drop of 0.6 percentage points in US potential growth for 2024, as well as the elimination of 780,000 jobs.
Unemployment would reach 4.6 percent, against 3.5 percent in March 2023, as compared to a scenario in which a new ceiling was approved without conditions.
President Joe Biden has called for such a "clean" lifting of the US borrowing limit, arguing that the deficit spending has already been approved by Congress and therefore not up for debate.
Moody's: GOP budget proposal would destroy the economy.
This budget will cause great harm to the American population that is most in need and would destroy our ability to compete with China. This could lead to our defeat in a future war. The gop is treasonous to the core.
The population that’s most in need needs to be eradicated and we should be embracing isolationism.This budget will cause great harm to the American population that is most in need and would destroy our ability to compete with China
Where have you been. The economy was destroyed in Jan. 2021. We've been in recession since Jan. '22. Wise up or shut up.Moody's: GOP budget proposal would destroy the economy.
This budget will cause great harm to the American population that is most in need and would destroy our ability to compete with China. This could lead to our defeat in a future war. The gop is treasonous to the core.
Says the level 1 thinker.Utter BS where it claims: cuts in government spending would be a negative.
So kill 95% of Americans? Great plan.The population that’s most in need needs to be eradicated and we should be embracing isolationism.
LIAR.Moody's: GOP budget proposal would destroy the economy.
This budget will cause great harm to the American population that is most in need and would destroy our ability to compete with China. This could lead to our defeat in a future war. The gop is treasonous to the core.
It is when it is cutting our ability to compete with the chinese in science, tech and education. That is dumb and idiotic as fuck.Utter BS where it claims: cuts in government spending would be a negative.
Utter BS where it claims: cuts in government spending would be a negative.
LIAR.
This is what Moody's actually said:
"US Republican Debt Ceiling Plan Would Slow Growth:" Moody's
The GOP plan would slow growth and reduce inflation you low-IQ fucking moron.
That is what the Federal Reserve is trying to do by raising interest rates.
Congress and the Fed working together!
Clueless Democrats just don't get it.
The same solution they always mistakenly support, "borrow more, spend more. A chicken in every pot don'tcha know.What's the alternative to raising the debt ceiling? Does old Brandon or Nancy Pelosi or Chuck Schumer have a freaking plan?
Are you an injun?Get rid of the MAGA, nihilist, libertarian, etc., and we would be much better of with the producers remaining.
Utter BS where it claims: cuts in government spending would be a negative.
Only the unworthy!. It could potentially kill people.
Be specific on what harm would be done!The harm it will do to people is huge.
