BUSINESS

6 Republican Talking Points That Economists Say Are Totally Bogus

US Speaker of the House John Boehner speaks to reporters following a meeting with US President Barack Obama on March 1, 2013
US Speaker of the House John Boehner speaks to reporters following a meeting with US President Barack Obama on March 1, 2013 in Washington, DC. Obama summoned congressional leaders Friday in a bid to avert a damaging $85 billion in arbitrary budget cuts. Obama was bound by law to initiate the automatic, indiscriminate cuts, which could wound the already fragile economy, cost a million jobs and harm military readiness, by 11.59 pm in the absence of an deficit cutting agreement. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)

The Obama administration and Congressional Republicans have been at odds about the budget for years. That may be because politics and economics don't always mix. In its latest impasse, the government let steep spending cuts go into effect at the beginning of March, which one economic forecasting firm estimates will cost the economy 700,000 jobs by the end of next year.

Check out six critical issues where Republicans and economists disagree:

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