GOP’s Drastic Cuts Would Cost 700,000 U.S. Jobs At A Time When Our Economy Can Least Afford It
Analysis Shows Where Irresponsible and Irrational Cuts Would Hit Home
Washington, DC—Today the Democratic Policy and Communications Committee released a state-by-state breakdown of the 700,000 jobs that would be lost under Republicans’ extreme spending plan.
“At a time when job creation should be issue number one, the spending bill passed by the House would reduce employment by 700,000 and deal a body blow to the nation’s fragile recovery,” said Sen. Charles E. Schumer, DPCC Chairman. “This is not an abstract argument, but a fight for the economic well-being of middle class families across the country, and this map shows exactly how House Republican’s irresponsible cuts will hit home.” The House Republican spending plan would cost almost 46,000 jobs in Schumer’s home state of New York alone. To view the state-by-state breakdown, click here: http://democrats.senate.gov/gopplan. Goldman Sachs issued an independent economic analysis finding that the House Republicans’ funding measure would reduce U.S. economic growth by up to 2 percentage points in the second and third quarters of this year, putting our recovery at risk. Democrats believe we need to cut spending in smart, responsible ways that help us live within our means while still investing in the future. Republicans’ plan would hurt efforts to out-build, out-educate and out-innovate our competitors in the world economy. As the economy continues to recover from the deepest recession in a generation, we cannot afford to make indiscriminate, ideological cuts that would cost jobs and jeopardize public safety. The reckless Republican spending plan would do just that. View the state-by-state breakdown here: http://democrats.senate.gov/gopplan.