NOW Can We Stop The Austerity Talk???

February 24th, 2011at 11:31am Posted by Eli

Okay, I know no one pays attention to us crazy leftist hippies, but what if someone else said that budget cuts were maybe not the greatest idea for a fragile economy?

The Republican plan to slash government spending by $61bn in 2011 could reduce US economic growth by 1.5 to 2 percentage points in the second and third quarters of the year, a Goldman Sachs economist has warned.

This will probably be the first and only time in recorded history that Republicans don’t listen to Goldman Sachs.

Entry Filed under: Economy,Politics,Republicans,Wankers


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