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Endangered Species: Spending Cuts Hurt Wildlife and the Economy
There are over a thousand plants and animals on the endangered species list, and congressional spending cuts may do little to help them or the economy. Programs aimed at saving wildlife from extinction are being drastically reduced or eliminated in the Continuing Resolution. Moreover, congressional budget cuts could also put economic growth and recovery on the endangered species list.
A new report by Goldman Sachs says Continuing Resolution cuts could slow GDP growth by about two percent. GDP, or Gross Domestic Product, is the measure of all goods and services produced in the United States. If GDP drops, so do the number of jobs, and many of those jobs are connected to wildlife conservation, water restoration and managing invasive species.