Showing posts with label government debt. Show all posts
Showing posts with label government debt. Show all posts
Wednesday, March 5, 2014
Harry Stein: President Obama’s budget resets the fiscal debate
President Barack Obama’s proposed budget for fiscal year 2015 shifts the political conversation toward our most urgent national problem: creating jobs and growing the economy. This should have been our political system’s primary focus for the past several years, but Congress instead allowed itself to get sidetracked by a misguided focus on austerity and debt. Presidents cannot control the economy, and President Obama does not have a magic wand to make Congress enact his budget. But presidents do have the power to set the agenda and focus attention on issues of their choosing. Setting the agenda on the question of how to grow the economy is among the most important aspects of President Obama’s new budget.
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