Of course that’s not the headline the props at the Washington Post wrote. Instead Lori Montgomery at the Washington Post breathlessly repeats the latest George Soros talking point that the GOP spending plan would “cost 700K jobs.”
And she says it like it’s a bad thing…
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.
Here’s the thing Lori — most of those jobs would be public sector and government jobs. Which we’re more than fine with. The government has simply grown too large, and needs to be trimmed way back. Which means people need to go. Hell…it means entire departments and agencies (looking at you Dept of Education) need to go.
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I call unmitigated bullshit on this pending report. The author of the study was also the architect of the (alleged) 2009 stimulus package? Yeah…unh-hunh. I am looking forward to this report about as much as I am waiting for a kidney stone.
Besides this worthless study, the Goldman Sachs study used the same faulty multiplier as the failed stimulus, by claiming each $1 spent by the gubmint created $2 of value, which is just absurd on its face. Gubmint only spends other peoples wealth, it doesn’t create it…unless you are a gubmint employee.
Cull the gubmint employee herd.