Obama said he believes that the best way to reduce the deficit is through economic growth, and that by contrast, cutting back on government stimulus too early could stifle the recovery.
"Now, if we can't grow our economy, then it is going to be that much harder for us to reduce the deficit," Obama said. "The single most important thing we could do right now for deficit reduction is to spark strong economic growth, which means that people who've got jobs are paying taxes and businesses that are making profits have taxes -- are paying taxes. That's the most important thing we can do."
Obama's answer came in response to a question from Bob Kuttner, an editor of The American Prospect and a Huffington Post contributor, during the White House jobs summit. It received little attention from a mainstream media that prefers driving the storyline that the deficit is the greatest threat facing the economy.
Friday, December 04, 2009
Maybe Someone Does Get It
Good.