Whoppers, damn whoppers, and GOP 'truths'
GOP's lies about jobs unchallenged by Democrats
Robert Reich
SF Chronicle
04/03/11
"And if all others accepted the lie which the party imposed - if all records told the same tale - then the lie passed into history and became the truth." — George Orwell, "1984," published in 1949
House Majority Leader Eric Cantor has been telling this whopper over and over again, in one form or another: "Cutting the federal deficit will create jobs."
It's not true. Cutting the deficit will create fewer jobs. Less government spending reduces overall demand.
This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.
(More here.)
Robert Reich
SF Chronicle
04/03/11
"And if all others accepted the lie which the party imposed - if all records told the same tale - then the lie passed into history and became the truth." — George Orwell, "1984," published in 1949
House Majority Leader Eric Cantor has been telling this whopper over and over again, in one form or another: "Cutting the federal deficit will create jobs."
It's not true. Cutting the deficit will create fewer jobs. Less government spending reduces overall demand.
This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.
(More here.)
0 Comments:
Post a Comment
<< Home