In the context of 8.9% unemployment, sometimes it's easy for liberals like me to start sounding like a (dumb) conservative caricature of a liberal, talking about government spending as if it was an end in itself. That is, more government spending is always good! That is actually mostly true at the moment, because we need more stimulus and the spending is what provides that stimulus. And reducing spending is contractionary, which will be a drag on the economy.
Still we shouldn't forget the specifics of those cuts, that aside from their impact on the macroeconomy they'll have an impact on jobs and on the people who benefit from those programs.
Heckuva job.
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