Moody's: GOP Budget Would Cost 700,000 Jobs

Talking Points Memo:

The Republican plan to cut government spending by more than $60 billion dollars will cost the unemployment rate dearly, according to a new report from Moody's Analytics.

According to Moody's chief economist Mark Zandi -- who the Washington Post reports "has advised both political parties" -- Republican plans to slash government spending will impact the GDP in such a way that would eliminate hundreds of thousands of jobs this year and the next.

Read the full article here. Discuss below.