[dfwgator]

Automatic across-the-board cuts to the budget set for Jan. 2 will cost the United States 1 million jobs, according to a new study released Thursday by the Bipartisan Policy Center (BPC).

BULLHOCKEY!

[stylin19a]

kewl...that’ll take the unemployment rate down to about, what ? 7.5 % ...assuming they are counted as “leaving the work force”.

another 5-6 million unemployed\left the work force and we'll be at damn near full employment.

[DaxtonBrown]

They are actually right. You create 1 million bogus jobs through printed money, why be surprised when austerity requires you to cut those jobs. But austerity is the only way out.

[lurk]

“Automatic across-the-board cuts to the budget set for Jan. 2 will cost the United States 1 million jobs, according to a new study released Thursday by the Bipartisan Policy Center (BPC).”

Looking for the downside to this report. I doubt it will ever happen, but it surely would be a nice start if it did.

[anonsquared]

They are assuming that a job is a job is a job.

We need to start talking about PRODUCTIVE JOBS vs UNPRODUCTIVE JOBS.

By definition, ALL GOVERNMENT JOBS ARE UNPRODUCTIVE JOBS. Eliminate government jobs and you increase productivity.

A productive job produces a good or service that someone is voluntarily willing to give up their hard earned money for. Government agencies curtail productivity in the private sector when their constitutional mandate was to enhance it.

Most jobs in the education/indoctrination industry are unproductive. You only need to look at the fact that two-thirds of American students can’t read, write, or do math at their grade level. Imagine if the airlines only got one-third of their customers to their destination. Congressional investigations would be immediate.

Even most current military jobs are unproductive because they are not being used to protect our border. If they were used that way, less illegal immigrants equals less drain on schools, medical, and policing. More jobs available for Americans equals increased productivity.

Just two examples of government jobs actively interfering with private sector productivity.

[Eva]

There was a front page article on the WSJ, last night, about the cities in France crying the blues because the banks were no longer extending credit to the cities for their development and infrastructure projects.

The cities said that they couldn’t put people back to work without the money. The banks said that they could no longer extend short term credit based on long term returns because the restrictions on banking required the banks to keep more money on hand to ensure solvency.

It sounds a lot like the Democrats in this country crying about wanting the big bad corporations and banks to “pay their fair share”.

[Terry Mross]

So, they have a choice. Cut spending and throw a million people out of work. Or, don’t cut spending and get our credit rating downgraded even further. Then the question is who will get the blame?

[Uncle Chip]

Automatic across-the-board cuts to the budget set for Jan. 2 will cost the United States 1 million jobs, according to a new study released Thursday by the Bipartisan Policy Center (BPC).

If it does, then the loss of 1 million jobs in the public sector will then create 2 million jobs in the private sector.

[from occupied ga]

"This is a reverse stimulus plan. That's what we are talking about here," BPC task force member and former Agriculture Secretary Dan Glickman said.

Considering that the "stimulus" plan provided unemployment an increased debt, then a reverse is exactly what's needed

[BfloGuy]

This is a foolish argument. If the Defense budget is cut, then it is the impact on national defense that matters -- not the number of people employed. Jobs created by government spending are still a drain on the private economy stunting its growth -- even if you do approve of the product.