Ignorance Index II: The spending cuts myth

posted by
July 13, 2011
Our Future Blog
by Robert Borosage  
Posted in Commentary, PND Commentary

"House Majority Leader Eric Cantor, the conservative zealot who has personally blown up the debt ceiling talks twice over the mere hint of closing tax loopholes, says, 'All of our efforts are centered around jobs -- starting with cutting spending and federal regulations -- to grow the economy so that people can get back to work.' But this is nonsense. There’s no economic theory that would suggest that in current conditions, cutting government spending would create jobs." [editor's note: Ummm ... the Austrian school ... even some of the Chicago one ... just not the neo-Keynesian one this twit subscribes to - SAT] (07/13/11)

http://tinyurl.com/6fooyu5  

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