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Monday, October 28, 2013

E. J. Dionne: "Let’s douse the flames of slow growth and joblessness first"

From today's opinion piece in the Washington Post:

Here's the mistake made by President Obama and the Democrats that nobody is talking about: they have been too fearful of confronting our country's three-year obsession with the wrong problem.

The wrong problem is the deficit. The right problem is sluggish growth and persistent unemployment.

The most helpful thing Congress can do immediately is to get rid of the sequester cuts. A Congressional Budget Office study conducted at the request of Rep. Chris Van Hollen, the Budget Committee's ranking Democrat, found that if left in place, the automatic reductions could cost up to 1.6 million jobs next year. Allowing that to happen would be folly — and heartless, too.

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