Tag Archives: Budget

Senate Republicans Double Down For Big Oil

NEWS FROM THE FLORIDA DEMOCRATIC PARTY

For Immediate Release: May 18, 2011
Contact: Eric Jotkoff, (850) 222-3411

After Republicans Voted AGAIN to Protect Big Oil’s Taxpayer Subsidies, Floridians Left Wondering Who Haridopolos, LeMieux, and Hasner Will Fight for In the Senate 

When it comes to Big Oil or taxpayers, whose side are Florida’s Republican Senate hopefuls on? That’s a question Floridians deserve an answer to from Mike Haridopolos and Adam Hasner after their party leaders in Washington once again picked Big Oil yesterday. Continue reading

Leave a comment

Filed under Republican Party

The GOP Budget Would Cost Almost 1 Million Jobs

The demand from Congressional Republicans to slash over $60 billion from the federal budget has been analyzed by two independent sources and the outlook is grim. From the latest report from Moody’s Analytics chief economist Mark Zandi (emphasis mine):

While the government spending cuts proposed by House Republicans for this fiscal year mean only modest fiscal restraint, this restraint is meaningful. If fully adopted, the cuts would shave almost 0.5% from real GDP growth in 2011 and another 0.2% in 2012. There would be almost 400,000 fewer U.S. jobs by the end of 2011 than without the cuts and some 700,000 fewer jobs by the end of 2012.


A week earlier, Goldman Sach’s produced a private report for their investors estimating even greater damage. They found the GOP budget “would be a drag on the economy, cutting economic growth by about two percent of GDP.”

Leave a comment

Filed under Economy