Republican Austerity Ploys Depressed Growth by 1.2 Percent in First Quarter

You want evidence that the cuts-only austerity programs pushed by Republicans are actually designed to cause the economy to fail?

Here you go:

All things being equal, lower spending translates into slower economic growth, since it means cuts in payments to contractors, layoffs of government employees, and smaller entitlement checks. Already in 2011, softer government spending has sapped growth.

Cuts by federal, state, and local governments lowered gross domestic product — a broad measure of the total output of the economy — by 1.2 percentage points in the first quarter of 2011, according to the Commerce Department. Goldman Sachs economists estimate that the first quarter showed the biggest negative effect of government spending on GDP growth since the mid-1980s. The Commerce Department will release its estimate of second-quarter GDP today.

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