[rXpX]

LA Times: http://www.latimes.com/news/nationwo...,2687045.story

Spending cuts approved by House Republicans would act as a drag on the U.S. economy, according to a Wall Street analysis that put new pressure on the political debate in Washington.

The report by the investment firm Goldman Sachs said the cuts would reduce the growth in gross domestic product by up to 2 percentage points this year, essentially cutting in half the nation's projected economic growth for 2011.

The analysis, prepared for the firm's clients, represents the first independent economic assessment of the congressional budget fight, which could lead to a government shutdown as early as next week.

Nonetheless, Republicans are unlikely to easily retreat from their insistence on more than $60 billion in reductions in federal spending as a condition of continuing funding for the government through the rest of the year.

[QzVyZbTg]

Cut off your nose to spite your face never works out very well.

But has the Majority leader has said about losing jobs after slashing the budget, (not his of course), "SO BE IT" Gee thanks Mr. Boehner, you bone head.

[Kolokireo]

Mr. Boehner goes golfing while the rest of congress works to avoid a shut down, man this guy is priceless.


WASHINGTON -- Senate Democrats took some shots at House Speaker John Boehner (R-Ohio) Thursday for leaving town and playing a round of golf while congressional negotiators work to avoid a government shutdown.
http://www.huffingtonpost.com/2011/0..._n_827899.html