The Recipe for Economic Disaster
9.5 million.
That's the number of American jobs we would lose from the balanced budget amendment provision of the Tea Party economic plan if it were fully phased in by 2012. Passed by the GOP-led House over the summer, it's a proposal that's been endorsed by virtually all of the Republican presidential candidates.
Today we released a report on this unbalanced balanced budget amendment that draws on data from the nonpartisan Congressional Budget Office's (CBO) August deficit projections for 2012. The results of this report are alarming—and it proves the Tea Party–backed amendment is a recipe for economic disaster.
The effect on state economies would be disastrous. Communities throughout the Midwest and Rust Belt that were particularly affected by the recession would each face additional job losses in the hundreds of thousands. Use the interactive graphic above to find out how many jobs your own state would lose if the Republicans pass the Tea Party economic plan.
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