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
