FED CHAIRMAN AND CONGRESSIONAL BUDGET OFFICE CONFIRM SPENDING CUTS WILL HARM ECONOMY

The absurdity of the fiscal discourse these days is downright malicious. Corporations have gamed the system to avoid taxes while states are in crisis due to the decreased revenues, swimming in a pool of budget deficits and proposed spending cuts to close the gap. Meanwhile, we are still in a recession and the economy is going nowhere. Even the chairman of the Fed believes that spending cuts will worsen the recovery and result in more job layoffs. Yet, the mainstream of the media and public still talk about spending cuts as the way to spur the economy. 
http://thinkprogress.org/economy/2011/06/22/251691/bernanke-cbo-job-loss-spending-cuts/