The headline of a WSJ article on new budget estimates and proposals for boosting the economy told readers that: "deficit complicates push on jobs." It is not clear why. The main reason that the country has a large deficit is that we are suffering a severe recession.
If we didn't have a severe recession, then we would not have a need for a "push on jobs." Saying that the deficit complicates the push on jobs is like saying that because of the heat, firefighters should not attempt to put out a fire. it makes no sense.
The article also includes a quote from a spokesperson for House Minority Leader John Boehner accusing the Democrats of supporting a second (actually a third) stimulus. A stimulus is a measure that will boost the economy. It would have been helpful to note that the tax cut supported by the Republicans that is mentioned in the article is also stimulus, albeit not very effective stimulus.
If you enjoyed this article, please consider making a tax-deductible donation today. For over 30 years, The American Prospect has delivered independent reporting that exposes corporate power, investigates political corruption, and analyzes threats to our democracy. Unlike many media outlets, we’re not owned by billionaires or corporations—we’re powered by readers like you.
Today’s independent journalism faces unprecedented challenges. Your support makes our reporting possible and keeps our work free and accessible to all. Whether it’s $5 or $50, every contribution helps sustain our nonprofit newsroom.
Join our community of supporters and make a donation today to help keep independent journalism thriving.
Copyright 2025 | The American Prospect, Inc. | All Rights Reserved
