The Republican plan to slash government spending by $61bn in 2011 could reduce US economic growth by 1.5 to 2 percentage points in the second and third quarters of the year, a Goldman Sachs economist has warned.So Steve Benen pointed out
Remember, this analysis comes a week after additional research found that the Republican spending cuts could lead to roughly 1 million job losses. (Asked about this, Speaker John Boehner replied last week, "So be it.")So the Republicans intend to cut government no matter what happens. As to what will happen, they don't know and have no interest in asking. They are just going to do it.
I'd gladly note the GOP response to all of this, but as best as I can tell, there isn't one. Republicans don't know -- and by all accounts don't care -- what the economic results would be if their plan was approved. They don't hold hearings to explore the effects of the proposal, and party officials haven't offered any economic projections they believe would result from their plan in implemented.
They just want to cut, no matter what it does the country. This isn't about consequences, it's about making the GOP base feel good about itself.
I guess they got their phone call from David Koch telling them what to do, and like slavish subservient dogs, they are going to do it. What happens after they slash the budget is up to their masters in the wealthy oligarchy.