GOP spending plan would cost 700,000 jobs, new report says

Swede

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Mon Feb-28-11 12:42 PM
Original message

GOP spending plan would cost 700,000 jobs, new report says

A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.

The report, by Moody's Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

http://www.washingtonpost.com/wp-dyn/content/article/2011/02/28/AR2011022802634.html

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joeunderdog

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Mon Feb-28-11 12:44 PM
Response to Original message

1. Layoffs stimulate the economy. Didn't you know that?

:silly:

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