GOP Budget Would Cut 700,000 Jobs on Purpose
February 28, 2011
(ChattahBox Political News)—Remember Speaker John Boehner’s snide campaign slogan, “Where are the jobs?” Well, Boehner and the House Republicans no longer care about jobs, so they came up with a new catchy slogan– “We’re broke.” And if more Americans lose their jobs as a direct consequence of draconian GOP budget cuts, “So be it,” said Boehner. True to his word, Boehner’s irresponsible plan to cut $61 billion from the federal budget for the remainder of 2011, would throw thousands of people out of work, during a recession. A new report puts the number of job losses from Boehner’s 2011 budget massacre at a staggering 700,000 jobs. Eh, “So be it,” right Boehner?
The critical report of the GOP’s slice and dice budget plan, was conducted by Mark Zandi of Moody’s Analytics.
The New York Times writes:
“Zandi, an architect of the 2009 stimulus package who has advised both political parties, predicts that the GOP package would reduce economic growth by 0.5 percentage points this year, and by 0.2 percentage points in 2012, resulting in 700,000 fewer jobs by the end of next year.”
“His report comes on the heels of a similar analysis last week by the investment bank Goldman Sachs, which predicted that the Republican spending cuts would cause even greater damage to the economy, slowing growth by as much as 2 percentage points in the second and third quarters of this year.”
What do the Republicans have to say about the devastating job loss projections? Boehner and his budget cutting vandals dismiss both reports. According to the warped reasoning of House Republicans, drastic budget cuts will magically create jobs somehow, even while their policies destroy jobs.
‘”The fact that a relentless cheerleader for the failed ‘stimulus’ – which the Democrats who run Washington claimed would keep unemployment below eight percent – refuses to understand that ending the spending binge will help the private sector create jobs is sad, but not surprising,” said Michael Steel, a spokesman for House Speaker John A. Boehner (R-Ohio).”
We are screwed.