Thread: Republican cuts would cost 700,000 jobs: Report

Even if this were accurate, and I highly doubt it is, what's 700,000 jobs when 43 million are already on food stamps?

Originally Posted by LAM

A new report by a leading economic forecaster finds that budget cuts passed by the House of Representatives would cost 700,000 jobs over the next two years if enacted.

"The House Republicans' proposal would reduce 2011 real GDP growth by 0.5% and 2012 growth by 0.2%," according to the study, by Moody's Analytics chief economist Mark Zandi. "This would mean some 400,000 fewer jobs created by the end of 2011 and 700,000 fewer jobs by the end of 2012."

Zandi is no left-wing ideologue. He was on the economic team for Sen. John McCain's 2008 presidential campaign....

Perhaps this "forecaster" is right; perhaps he is wrong. Perhaps he is partially right and wrong.

Regardless, I don't trust anyone who works with or is, involved with the government.

Did this "expert" predict the coming housing crisis? Economic downturn? CDOSs, that were sold around the world? Credit Default swaps.

One party, can cause these job losses? Create jobs?

Bullsh*t.

It's a service sector economy in the US; the jobs lost in the last 10 years have not been replaced - nor will they be in the future.

Here's more of the same article from the Post

GOP spending plan would cost 700,000 jobs, new report says

statistics can be made to show whatever argument you want......

Originally Posted by irish_2003

statistics can be made to show whatever argument you want......

depends on the type of statistics you are using and the sampling methods. etc. to say that all statistics are open to interpretation would infer you have a lack of knowledge of mathematics in general.

Originally Posted by LAM

depends on the type of statistics you are using and the sampling methods. etc. to say that all statistics are open to interpretation would infer you have a lack of knowledge of mathematics in general.

trust me i understand mathematics.....i just find your posts weak and find them almost comical......for someone who seems to be educated you buy into conspiracies and editorial news more that factual news (which in your defense there isn't much in the way of facts out there....it's all skewed for ratings no matter what side of the argument you're on)

In 2007, the U.S. Agriculture Department paid $1.1 billion in farm subsidies to 170,000 dead people. Fifteen federal agencies now oversee 30 food laws, and at least four departments compete to administer 80 economic development programs.

The General Accountability Office released a 345-page report today combing the federal catalog of government programs to uncover what it said was evidence of waste and duplication that cost taxpayers billions of dollars each year.

Republican Senator Tom Coburn, who requested the GAO report as part of last year’s vote to raise the nation’s debt limit, said it confirms the government is “spending trillions of dollars every year and nobody knows what we are doing.”

“This report also shows we could save taxpayers hundreds of billions of dollars every year without cutting services,” Coburn, of Oklahoma, said in a statement. The GAO “has identified a mother lode of government waste and duplication that should keep Congress busy for the rest of the year.”

The report, “Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars and Enhance Revenue” was issued as lawmakers today debate spending cuts in a two-week stopgap budget measure for the government.

Beyond the stopgap measure, House Republicans have called for $61 billion in cuts for the fiscal year that ends Sept. 30. They face opposition from the Democrats who control the Senate, who say the reductions are too extreme and would slash needed programs in education and regulatory enforcement.

Cost of Duplication

While the GAO report didn’t provide a specific estimate on the cost of waste and duplication, Coburn said it is likely to reach at least $100 billion. The report is the first of what will be annual studies on the matter.

The auditors found 34 broad areas of duplication in federal programs including food safety and domestic food assistance.

Investigators also said there were 47 additional areas, beyond those related to overlapping programs, where savings could be made.

“Reducing or eliminating duplication, overlap or fragmentation could potentially save billions of tax dollars annually and help agencies provide more efficient and effective services,” Gene L. Dodaro, comptroller general, said in his report to Congress.

In one example, the report said the Defense Department could save as much as $460 million annually by restructuring its health-care system.

Lack of Coordination

Among the examples of mismanagement and waste in the report cited by Coburn are a lack of coordination among eight agencies on defenses against biological terror threats; special tax breaks totaling $1 trillion that are often redundant; and $6.5 billion for economic development programs with little evidence of success.

Auditors compiled their report from February 2010 through last month. Some conclusions were drawn from reports earlier in the decade.

President Barack Obama attacked waste and duplication in his State of the Union address and has ordered the Office of Management and Budget to begin laying a blueprint for government reorganization to eliminate waste.
There are 12 different agencies that deal with exports and five that deal with housing policy, Obama said in his speech.

Home for Salmon

“Then there’s my favorite example: The Interior Department is in charge of salmon while they’re in fresh water, but the Commerce Department handles them when they’re in saltwater. I hear it gets even more complicated once they’re smoked,” the president said to laughter and applause.

Fifteen federal agencies collectively administer at least 30 food-related laws, according to the GAO. The Agriculture Department is responsible for the safety of meat, poultry, processed egg products and catfish. If it involves seafood or almost any other food, the responsibility goes to the Food and Drug Administration.

Last year’s nationwide recall of more than 500 million eggs because of salmonella, for example, was handled by the FDA, because it ensures the safety of shell eggs.

The USDA ensures the health of the young chicks that are supplied to egg farms, while the FDA oversees the safety of the feed they eat.

“Oversight is also fragmented in other areas of the food safety system,” GAO said, citing USDA responsibility for catfish and the FDA oversight of seafood.

Biological Attacks

In another example, the GAO said that to deal with a biological attack on the U.S. there are more than two dozen presidentially appointed people in charge. They are spread among the Departments of Agriculture, Defense, Homeland Security, Interior and other agencies.

On a single night in January 2009, there were about 643,000 homeless people, the report said. At least seven agencies spent about $2.9 billion on more than 20 programs in 2009 to help the homeless with shelter or housing aid.

“Some programs may offer similar types of services and serve similar populations, potentially leading to overlap and fragmentation,” the GAO said.

In the area of job creation, there are about 80 economic development programs spread among the Departments of Commerce, Agriculture, Housing and Urban Development and the Small Business administration.

Those 80 programs cost $6.5 billion last year. Of that amount, $3.2 billion were for economic development, in the form of grants, loans and loan guarantees. About 52 of the programs were aimed at “entrepreneurial efforts.”

Of the 80 programs, auditors said “the design of each of these fragmented programs appears to overlap with that of at least one other.”

To contact the reporters on this story: Roger Runningen in Washington at rrunningen@bloomberg.net; Cathy Dodge in Washington at Cdodge1@bloomberg.net.
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net.

Originally Posted by irish_2003

trust me i understand mathematics.....

obviously not if you think tax breaks for international company's that hardly employ Americans are are good investment..

Probably just a bunch of union whores anyway. Fuck them.

700,000 government jobs?

Originally Posted by irish_2003

statistics can be made to show whatever argument you want......

That isn't called statistics. That is called lying using statistics as a guise. Sadly, few people understand math enough to grasp statistics, so it is easy to throw random numbers at people.

The truth of the matter is a statistical analysis shouldn't even be discussed without first knowing the sample size, confidence interval and a p-value. But, I would bet all the money I have in the bank that less than 1% of Americans even know what a p-value is, so who gives a shit.

Originally Posted by KelJu

That isn't called statistics. That is called lying using statistics as a guise. Sadly, few people understand math enough to grasp statistics, so it is easy to throw random numbers at people.

The truth of the matter is a statistical analysis shouldn't even be discussed without first knowing the sample size, confidence interval and a p-value. But, I would bet all the money I have in the bank that less than 1% of Americans even know what a p-value is, so who gives a shit.

Shit, I haven't known what a p-value is since AP stats in high school....almost a freaking decade ago.

Whatever you say, lets just look at it in a positive way. A lot of people are suffering from poverty and jobless people are increasing in number. 700,000 jobs seems huge and may employ a lot of people. It would do great help if it was really is.

Every political post by this left wing nut job liberal lam is nonsense and finds his info off of liberal sites and twists the truth around because he cant stand the truth and that the democrats are just completely ruining this country along with the idiot barry

Originally Posted by DEATH MATCH

Every political post by this left wing nut job liberal lam is nonsense and finds his info off of liberal sites and twists the truth around because he cant stand the truth and that the democrats are just completely ruining this country along with the idiot barry

lol at all your posts...you are like a retarded broken record...