Governors: President’s Cuts Will Hurt Economy

Governors from around the country are meeting in Washington this week with a sense of urgency.  On the table?  President Obama’s current sequestration issue, which will according to a recent article at MoneyNews, “lead to dismissal of teachers and firefighters, and reduce projected spending by $1.2 trillion over the next nine years, with half in defense spending and half from domestic spending.”

 “I don’t think there is any doubt about it” that the required reductions “could put us right back where we were,” Jack Markell, the Democratic governor of Delaware and the chairman of the National Governors Association, said on “Fox News Sunday.” The cuts would have “a real big impact on the economy and jobs,” he said.

The trickle down effect is not a fallicy.  Oklahoma Governor Mary Fallin said that in real numbers, Oklahoma could lose as many as 20,000 jobs.  The Pentagon would furlough as many as 800,000 civilian employees, requiring them to take unpaid time off.


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