Republicans Plan To Cut 700,000 Jobs

Remember last year, when the Republican Party ran on job creation? Apparently they’ve already abandoned that pledge. Their proposed budget would cut 700,000 jobs. That’s 700,000 more people on unemployment, and searching for jobs that are already scarce.

Via The Washington Post;

A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.

The report, by Moody’s Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

Read more at; http://www.washingtonpost.com/business/economy/gop-spending-plan-would-cost-700000-jobs-new-report-says/2011/02/28/ABBK9oJ_story.html