IS THIS ECONOMIST FOR REAL OR BLOWING SMOKE UP HIS..... BUDGET 2011

A new report out Monday from Moody’s Analytics economist Mark Zandi estimates that the House-passed seven-month spending bill, which cuts $61 billion in spending, would cost 700,000 jobs by the end of 2012.

He predicts that this year the bill could cost 400,000 jobs and run the risk of a new recession.

A spokesman for House Speaker John Boehner (R-Ohio) discredited Zandi.
"The fact that a relentless cheerleader for the failed 'stimulus' - which the Democrats who run Washington claimed would keep unemployment below eight percent - refuses to understand that ending the spending binge will help the private sector create jobs is sad, but not surprising," said Boehner  spokesman Michael Steel.

(THE ONLY DRACONEAN ELEMENT OF THIS BUDGET IS THE 2011 3.7 TRILLION DOLLARS ON A 2.5TRILLION BUDGET.
WHEN 100BILLION IS CUT FROM THIS DRACONEAN BUDGET THIS STILL LEAVES YOU 3.6 TRILLION. WHO IS CRAZY ENOUGH TO BELIEVE THE SPEAL HERE.)

 

http://thehill.com/blogs/on-the-money/appropriations/146447-economist-says-house-cr-would-cost-700000-jobs