With the sequester looming, the impending budget cuts have got the left screaming the end of the world is just around the corner. In a blog published on Feb. 27, co-founder, CEO, and Editor-in-Chief Henry Blodget predicted that our economy was “crappy” because of cutting back government spending. He also posed that this was the problem with European countries like Greece and England.
The problem, according to Blodget is that “we reduce economic growth” which then will “put more people out of work” when there are government spending cuts. Oddly absent from this article was any mention of how increased taxes affect businesses and consumer spending.
