Republican Dismisses Report That GOP Plan Would Cut 700,000 Jobs

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Washington — Senate Majority Leader is dismissing reports that the GOP budget plan would cut close to 700,000 jobs by 2012, mostly eliminating government jobs.

The study predicted that the GOP bill would slow economic growth by 0.5 percentage points this year.

Cantor acknowledged that the Republican stopgap budget bill, known as a continuing resolution or CR, might increase unemployment. But he argued that the government should not be creating jobs if that means creating greater deficits.

“What kind of jobs is he talking about? Is he talking about government jobs? If so, why is the government hiring people it can’t afford to pay?” Cantor asked. “This is obviously an unsustainable solution and something we’re trying to correct in our CR.”

Read more at HuffPost

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