Thursday, February 24, 2011

Goldman Analyst Forecasts Slower US Growth with Budget Cuts

link here to article

The Financial Times cites research by Goldman Sachs on the impact of GOP and Democratic budget cuts on economic growth. Both would reduce GDP growth and so would a potential government shut down debated within the GOP. Although the research by Goldman is non-partisan, it will have little impact on either party since both are responding to public demand for deficit reduction being led by right wing deficit hawks and sold to the public by Fox and other conservative propaganda outlets.

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