The Republicans’ Most Hypocritical Economic Argument
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July 17 (Bloomberg) -- The Republican position onfederal spending could not be clearer: It doesn’t createjobs. Except when it goes to defense contractors.
Under the debt-ceiling deal reached last year, plannedspending is going to be “sequestered” -- that is, cut --starting next January. The defense budget is going to takehalf the hit. On July 12, Mitt Romney’s presidentialcampaign issued a press release with a statement from BillBolling, the Republican lieutenant governor of Virginia,attacking President Barack Obama for cutting defense toomuch.