Government Cuts to Lift U.S. Economy Ignore Math of Lost Growth
By Steve Matthews - Jul 14, 2011 9:00 PM MT
BLOOMBERG NEWS
Advocates of reduced federal spending say shrinking the U.S. government would boost the economy and create jobs. ... Professional forecasters beg to differ. Fiscal retrenchment could subtract 1.5 percentage points to 2 percentage points from growth in 2012, a drag that will make it difficult to reduce 9.2 percent unemployment, say economists at Bank of America Merrill Lynch, JPMorgan Chase & Co. and Deutsche Bank AG.
Saturday, July 16, 2011
WE KNEW THIS BUT THE BAGGERS ARE STILL IN THE DARK
I include the GOP fanatics in Congress part of the Bagger Movement.
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