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Wednesday, April 6, 2011

Will GOP 60 billion tax cuts help the deficit and grow economy?

It has been said that 700.000.00 jobs will be lost.Goldman Sachs economist "says spending cuts passed by the House of Representatives last week would be a drag on the economy, cutting economic growth by about two percent of GDP. " Geithner say's: GOP Spending Cuts Could Cost Jobs . Mark Zandi say's "it will be approximately 550,000 in the private sector and 150,000 in the public sector.", But of coarse the GOP do not agree with these stats. They have no stats of their own so far, just an opinion by a John Taylor given to Boehner Speaker of the house.One thing they did agree on was it would slow down economy and eliminate jobs...just the amount of jobs were debatable. So what direction are we suppose to be going? Create jobs or eliminate? Cost the government money or make money? Help economy or drag it back down? Goldmans report

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