The Gang of Six Proposals Are a Bad Idea...: "
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In my email inbox:
they cut the deficit rel to CBO baseline by 0.2% (around $30bn) in fy12, which ain't smart but could be worse. (But they cut a lot more than that in 2013, when unemployment will still be way high.)
Fiscal 2012 runs from October 1, 2011 to September 30, 2012: we really, really do not need for the government to be cutting its spending with unemployment still near 9%. Fiscal 2013 runs from October 1, 2011 to September 30, 2012: we really, really do not need for the government to be cutting its spending with unemployment still north of 8%.
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