Republican Budget-Cut Plan Would Cost 700,000 Jobs

Discussion in 'Politics' started by Political Junky, Feb 28, 2011.

  1. Political Junky
    Online

    Political Junky Gold Member

    Joined:
    May 27, 2009
    Messages:
    19,556
    Thanks Received:
    2,948
    Trophy Points:
    260
    Ratings:
    +5,538
    The GOP is counting on fewer jobs and increased deficit. Makes it easier to run against Obama in 2012.

    Republican Budget-Cut Plan Would Cost 700,000 Jobs, Zandi Says - Bloomberg


    House Republicans’ $61 billion budget-cutting plan would cost 700,000 jobs, according to a report likely to inflame the debate over the U.S. government deficit.

    The measure would reduce real economic growth this year by 0.5 percentage points and by 0.2 percentage points next year, resulting in 700,000 fewer jobs by the end of 2012, said Mark Zandi, chief economist for Moody’s Analytics. He said budget- cutters should wait until the U.S. economy is stronger, saying Republicans “would be taking an unnecessary chance with the recovery.”

    “Significant government spending restraint is vital, but given the economy’s halting recovery it would be counterproductive for that restraint to begin until the U.S. is creating enough jobs to lower the unemployment rate,” Zandi said.
    <more>
     
    Last edited: Feb 28, 2011
  2. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    700,000 fewer leeches sucking America's life blood is good by me.
     
  3. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    good.
     
  4. Avatar4321
    Online

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,548
    Thanks Received:
    8,163
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,163
    How does cutting the budget create higher deficits?
     
  5. kaz
    Online

    kaz Diamond Member

    Joined:
    Dec 1, 2010
    Messages:
    42,984
    Thanks Received:
    4,373
    Trophy Points:
    1,840
    Location:
    Independence Hall
    Ratings:
    +14,121
    If they mean government jobs, removing 700,000 government jobs that don't produce any economic value does no economic harm. Besides, 700,000 jobs is a start.

    If they are referring to cuts removing private sector jobs, they're idiots and need to be ignored as the clueless fools they are.
     
    Last edited: Feb 28, 2011
  6. Political Junky
    Online

    Political Junky Gold Member

    Joined:
    May 27, 2009
    Messages:
    19,556
    Thanks Received:
    2,948
    Trophy Points:
    260
    Ratings:
    +5,538
    Government workers spend money which boosts the economy.
     
    Last edited: Feb 28, 2011
  7. kaz
    Online

    kaz Diamond Member

    Joined:
    Dec 1, 2010
    Messages:
    42,984
    Thanks Received:
    4,373
    Trophy Points:
    1,840
    Location:
    Independence Hall
    Ratings:
    +14,121
    I see. So, if you take a cup water out of a pool and then throw it back in, is there more water in the pool?

    And that ignores all the money the government wastes in the process.
     
  8. RetiredGySgt
    Online

    RetiredGySgt Platinum Member

    Joined:
    May 6, 2007
    Messages:
    39,559
    Thanks Received:
    5,900
    Trophy Points:
    1,140
    Location:
    North Carolina
    Ratings:
    +8,973
    This is the same guy that said the stimulus would keep us under 8 percent unemployment right?
     
  9. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,129
    Thanks Received:
    6,896
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,976
    Funny, when I said you will never be able to pay off the debt when the economy is shrinking and you have to grow the economy, some said that was "crazy Democratic talking points". It still amazes me.

    What are Republicans plan to "grow the economy"? There is none. They don't see it as "important".
     
  10. Liberty
    Offline

    Liberty Silver Member

    Joined:
    Jul 8, 2009
    Messages:
    4,058
    Thanks Received:
    548
    Trophy Points:
    98
    Location:
    colorado
    Ratings:
    +548
    you clearly have never even attempted to learn basic economics.
     

Share This Page