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Republican Leader Finally Admits That Federal Spending Cuts Kill Jobs

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Filed: Country: Philippines
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It's an article of faith amongst Republicans that government can't create jobs, and that

will lead to job growth. Republicans even pushed the nation to the brink of a debt default in order to secure cuts in federal spending in 2010.

But with the consequences of that debt ceiling deal due to hit in January — at which point the so-called "sequester" will cut into both military and non-defense discretionary spending — House Majority Leader Eric Cantor (R-VA) is seemingly having a change of heart. On Thursday he tweeted that the sequester would hurt federal spending in key areas, and thus kill jobs:

eric-cantor2.jpg

Earlier this week, Cantor was unable to name a single deal Republicans would be willing to make to prevent the slew of cuts — cuts that Cantor himself voted for. Plus, as the Bipartisan Policy Center reports, the House Republican budget that Cantor supported cuts "more than double the amount" of the sequester. This budget would sink domestic spending to its lowest level in 50 years. Meanwhile it prevents cuts to military spending already endorsed by military leaders.

This chart shows that the House Republican's budget cuts non-defense spending dramatically. The "BCA+sequester" line is the path of non-defense discretionary spending under both the debt ceiling deal (the Budget Control Act and its sequester), while the light blue line is the Republican budget:

Ryan-budget1.jpg

http://thinkprogress.org/economy/2012/09/13/847221/cantor-admits-spending-cuts-kill-jobs/

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Filed: Citizen (apr) Country: Ukraine
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Twisted logic again. Of course government spending cuts eliminate government supported jobs. THAT's the idea! Return that money and the jobs it can create to the private sector. Let's implement the FAIR TAX, for example and cut the IRS budget 90% and lay off all those IRS workers. Let's save business the $28 billion they spend...just to COMPLY with the tax code and they can hire those people to do productive work.

A government worker on unemployment is a benefit to the economy, they use less tax dollars being unemployed

VERMONT! I Reject Your Reality...and Substitute My Own!

Gary And Alla

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Filed: K-1 Visa Country: Russia
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Twisted logic again. Of course government spending cuts eliminate government supported jobs. THAT's the idea! Return that money and the jobs it can create to the private sector. Let's implement the FAIR TAX, for example and cut the IRS budget 90% and lay off all those IRS workers. Let's save business the $28 billion they spend...just to COMPLY with the tax code and they can hire those people to do productive work.

A government worker on unemployment is a benefit to the economy, they use less tax dollars being unemployed

Capitalism. Supply and demand. Increasing supply does nothing to stimulate demand. If demand is not there no sane business owner will hire for increased production. He will stash the bucks in the Caymans or blow it on vacations to exotic locales. Putting this money into the hands of those who already have more than they know what to do with does nothing to give jobs to the un-employed. Just the opposite. The jobs lost by government workers getting pink slips reduces money available to be spent in the middle-class economy. We all, in the middle class, pay the result. The Romneys of the world build a few more houses, buy a few more dancing horses and install more car elevators.

We have been trying this BS for years and things just keep getting worse. When will you delusional supply-siders finally agree you were wrong?

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