March 1, 2011

How much money is enough?

From the Washington Post

Here's something to think about as Congress tries to agree on budget cuts. A report by

Moody's Analytics chief economist Mark Zandi says the Republican plan to cut federal

spending by $61 billion this year would destroy 700,000 jobs through 2012. Zandi's

report follows a Goldman Sachs report whose conclusion was even more dire: The

proposed cuts would slow economic growth by two percent in the second and third

quarters of this year. The report isn't all ammunition for Democrats, though. Zandi

also says that even a thriving economy won't be enough to balance the budget

without "significant government spending restraint."

wouldn't $61 billion be considered enough of a significant government spending cut to do the trick?
Does anybody around here know what they are doing? No, I don't think so. Please dear God, save
us from the experts and the politicians. Does anyone who is supposed to be running our ship of
state have any idea what they are doing. No, I think it's all a roll of the dice. If this doesn't work
let's try this. Oh nuts we all know what they are, they're all jerks.

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