Want more evidence conservatives are TRYING to crash the economy?
Want more evidence conservatives are TRYING to crash the economy – consider this. The Republican-controlled House of Representative will once again vote on – and likely pass - a so-called "balanced budget amendment" in the next week. The BBA as they call it – will immediately cut trillions of dollars out of the budget – and then make it nearly impossible to ever raise taxes again. And – it will crash our economy.
According to a new report from the Center on Budget and Policy Priorities – the Republican BBA would, “throw about 15 million more people out of work, double the unemployment rate from 9 percent to approximately 18 percent, and cause the economy to shrink by about 17 percent instead of growing by an expected 2 percent.” We can add those horrific economic numbers to the 370,000 jobs that have already been lost this year thanks to Republican budget cuts. And as we saw in last night’s debate – with the global economy headed into full meltdown mode – not one candidate said they’d lift a finger to stop it – aside from Herman Cain who thinks his 9-9-9 plan can stop anything.
Luckily- as Tuesday’s election showed – the American people are waking up to just how bad the conservative agenda is for the nation.