Republican Budget-Cut Plan Would Cost 700,000 Jobs

[Political Junky]

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.
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[Oddball]

700,000 fewer leeches sucking America's life blood is good by me.

 

[The T]

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.
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good.

 

[Avatar4321]

How does cutting the budget create higher deficits?

 

[kaz]

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&#8217; $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&#8217;s Analytics. He said budget- cutters should wait until the U.S. economy is stronger, saying Republicans &#8220;would be taking an unnecessary chance with the recovery.&#8221;

&#8220;Significant government spending restraint is vital, but given the economy&#8217;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,&#8221; Zandi said.
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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.

 

[Political Junky]

Government workers spend money which boosts the economy.

 

[kaz]

Government workers spend money which boosts the economy.

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.

 

[RetiredGySgt]

This is the same guy that said the stimulus would keep us under 8 percent unemployment right?

 

[rdean]

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".

 

[Liberty]

Government workers spend money which boosts the economy.

you clearly have never even attempted to learn basic economics.

 

[rdean]

Government workers spend money which boosts the economy.

you clearly have never even attempted to learn basic economics.

No one on the right has. Otherwide they would know "trickle down" doesn't work, and they would be creating jobs here and not in China.

 

[grunt11b]

"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power."
Benito Mussolini

Isn't this what Obama did when he took over GM and the banking industry?

 

[Charles_Main]

What will Democrat Spending plans bring us?

Economic Collapse.

Then how many will lose their jobs?

 

[Liberty]

Government workers spend money which boosts the economy.

you clearly have never even attempted to learn basic economics.

No one on the right has. Otherwide they would know "trickle down" doesn't work, and they would be creating jobs here and not in China.

Who has more sound theory? Hazlitt or Keynes, and why?

 

[Quantum Windbag]

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.
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Bullshit.

 

[Stephanie]

lol, The Liberals here all tell us they are the more intelligent of anyone else, especially Conservatives.

Yet they can't FIGURE out how to USE a search button so there isn't 15 threads on the SAME DAMN TOPIC.

 

[driveby]

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.
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They inherited this mess.......

 

[Stephanie]

lol, The Liberals here all tell us they are the more intelligent of anyone else, especially Conservatives.

Yet they can't FIGURE out how to USE a search button so there isn't 15 threads on the SAME DAMN TOPIC.

a brick is smarter than you

oh yawn..ho hum...zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

 

[Stephanie]

Back at you little man.

 

[Political Junky]

lol, The Liberals here all tell us they are the more intelligent of anyone else, especially Conservatives.

Yet they can't FIGURE out how to USE a search button so there isn't 15 threads on the SAME DAMN TOPIC.

Did you post on all 15 of them?