GMAT Critical Reasoning (CR) | Re: The Economic Council’s declaration that budget cuts

Editor:The Economic Council’s declaration that budget cuts are effectively insignificant because there is no evidence that such cuts lead to lower economic growth is irresponsible and self-serving . A recent study has shown that budget cuts lead to a reduction in a country’s income over a long term period. Since these cuts are usually enforced following an increase in national debt, which in turn has an impact on a country’s income,budget cuts clearly curtail a country’s long-term economic growth