Remember when Cheney said deficits don’t matter? He said that when we were conducting two wars and when millions of tax-payer money were being siphoned to the paramilitary complex he helped build. Today, a conservative study released by the Aerospace Industries Association is warning that any cuts to the defense budget would increase unemployment. Conservative websites are falling in line behind it without realizing how
hypocritical socialist they sound. Via Hotair:
Automatic cuts totaling $1.2 trillion will hit the defense industry particularly hard. Defense-related jobs makes up about half of the lost jobs, according to the study. The report estimates losses for other sectors of the economy as well: 48,059 jobs in healthcare, 98,953 in construction, 473,250 in manufacturing. California, Virginia and Texas will fare worst.
Fuller predicted an uptick in unemployment without action from Congress:
The unemployment rate will climb above 9 percent, pushing the economy toward recession and reducing projected growth in 2013 by two-thirds. An already weak economy will be undercut as the paychecks of thousands of workers across the economy will be affected from teachers, nurses, construction workers to key federal employees such as border patrol and FBI agents, food inspectors and others.
The first year of cuts will result in a $215 billion drop in America’s GDP. The overall U.S. workforce also faces a $109.4 billion decrease personal earnings.
Cuts to America’s military are particularly alarming. The across-the-board cut of more than $500 billion over the next decade comes in addition to the $487 billion in cuts already proposed by President Obama for the Department of Defense.
Ok. So let me get this straight. Conservatives are against taxes, against budget cuts. Yet, fiscally responsible? LOL.
- Frenzy over sequester hits Hill (politico.com)