Goldman Sachs Wrong About Impact of House Budget Proposal
February 28, 2011 at 11:35 AM EST
Some claim that House budget proposal H.R. 1 to reduce the growth of federal government spending will cause a slowdown in the economy and even increase unemployment. Consider, for example, a recent report by Alec Phillips of Goldman Sachs (GS) which claims that the House proposal would reduce economic growth in the second and third [...]