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Report: 2M jobs lost if automatic cuts kick in | Fox News: "The study, obtained by The Associated Press, was conducted for the Aerospace Industries Association, but it examined the shared pain for defense and domestic programs from the across-the-board reductions slated to kick in Jan. 2. The cuts would reduce the nation's gross domestic product by $215 billion next year while consumer confidence would plummet, said the report by Dr. Stephen Fuller of George Mason University and Chmura Economics and Analytics."
Sweet! There are no costs to the government spending money! That makes so much sense!
And of course the Aerospace Industries Association has no incentive to say that we should keep government spending -- they don't get any extra benefits from government spending so they can be trusted!
Tuesday, July 17, 2012
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