4 Biggest GOP Lies About Jobs (And Why Obama Must Repudiate Them)

By Robert Reich, Robert Reich's Blog
Posted on March 23, 2011, Printed on March 28, 2011
http://www.alternet.org/story/150348/

And if all others accepted the lie which the party imposed – if all records told the same tale – then the lie passed into history and became the truth. – George Orwell, 1984 (published in 1949)

House Majority Leader Eric Cantor was in the Bay Area on March 21 (specifically, at Stanford’s Hoover Institute where he could surround himself with sympathetic Republicans) to tell this whopper: “Cutting the federal deficit will create jobs.”

It’s not true. Cutting the deficit will creates fewer jobs. Less government spending reduces overall demand. This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.