Feb. 7, 2013
In his recent major speech at the American Enterprise Institute (AEI), House Majority Leader Eric Cantor (R-VA 7th District) called for Republicans to "focus our attention really on what lies beyond the fiscal debates" and to create "conditions for health, happiness and prosperity."
It appears that the national conversation may be about to pivot from an almost obsessive concentration on big government and expense reduction to a concern for the well-being of the individual citizen and revenue generation. That's good news because while the majority of the politicians and pundits have been talking about the fiscal cliff the American public has been staring at an economic abyss.
The Congressional Budget Office projects the across-the-board sequester process could eliminate 1.4 million jobs. The Bipartisan Policy Center says the process will eliminate at least one million jobs in this year and next. The Pew Research Center notes that "Overall, about one fifth of federal grant funding to states will be subject to the sequester. But, the percentage of funding in each program area that would be vulnerable to any cuts varies greatly."
Read the full article here
Economic Policy Project