Link: http://www.commondreams.org/headline/2011/02/28-11

A new report out Monday from Moody’s Analytics economist Mark Zandi estimates that the House-passed seven-month spending bill, which cuts $61 billion in spending, would cost 700,000 jobs by the end of 2012. Zandi’s report echoes one by the left-leaning Economic Policy Institute, which concluded the GOP bill would cost 800,000 jobs. Goldman Sachs has found that it could cause as much as a 2 percent loss in economic growth. (Image: Daily Kos) He predicts that this year the bill could cost 400,000 jobs and run the risk of a new recession.