Now that the consequences of sequestration are hitting home, this is the time for President Obama to point out forcefully that the Republicans' insistence on cutting spending in a depressed economy is a really bad idea, and that people can see for themselves what cutting spending means for jobs and economic growth. He should be calling loudly and often for outright repeal of the sequestration legislation - not going along with the Republicans' call for a "deal" that involves spending cuts.
Regrettably, we're seeing no inclination on the president's part to seize the moment to turn the national dialogue away from deficit cutting to job creation - and to point out that just as cutting spending means job losses, increasing spending (temporarily) means job creation.
Tuesday, March 19, 2013
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