From a recent column by David Leonhardt, business & economics point-man for the NYT:
(T)he people who get paid to make economic predictions say that federal cutbacks would harm the economy this year and next. The research firm Macroeconomic Advisers estimates that the House Republicans' budget would raise the unemployment rate by 0.3 percentage points -- which means about 500,000 lost jobs -- by the end of next year.
Economists on Wall Street, which isn't exactly thrilled with the Obama administration, have made similar forecasts. Nigel Gault, chief United States economist at IHS Global Insight (formerly Wharton Econometric Forecasting), puts it this way: ''I wouldn't be cutting spending over the rest of the fiscal year, because the economy still needs support.''
Boehner's boys in Congress are unhinged from reality. They're pushing a cult of anti-government ideology over cautious, informed policy focused on "growing" jobs and getting the economy back on track.