GOP budget plan panned even by Wall Street

Yes, we Democrats, liberals, progressives, and thinking moderates all agree that the GOP budget strategy of sharp cuts in federal spending is simply nuts.

Timothy Geithner has said it will cost jobs.

Now, an economist from Goldman Sachs has warned that the $60 billion in spending cuts, which just passed the House by 235-189, could reduce economic growth by as much as 2% -- which would reduce the growth projected by the White House to about 0.7% instead of 2.7%. Other growth predictions are higher; but, even according to highest projections, it could reduce growth by about half.

Not to mention that most economists (short of the Milton Friedman-inspired brand) say that, in the face of high unemployment, we should concentrate on creating jobs and let the deficit wait for later.

So now, even Goldman Sachs is opposing the Republican budget proposal? Wow !!

Will it matter? Probably not. Because it's not expert economic advice, nor even common sense, that will prevail. It's the fired-up, Tea Party-backed, Obama-hating, Limbaugh/Beck-loving Republicans who have the majority in the House.

They are on a mission; and what little is left of the Republicans who can think of more than one thing at a time -- i.e., two conflicting problems, like joblessness and budget deficit -- have caved in to them.

What a mess.

Ralph