Strains for Democrats in Budget-Balancing Act
From The New York Times:
When economists met privately with Democratic leaders of the House on Wednesday, the topic was how to pump billions more into the economy to stimulate job creation. They left with a homework assignment: How to cut trillions from future federal budget deficits.
That seemingly contradictory mix captures the unusual political and policy tension in the White House and Congress these days as the politicians deal with an economy that has begun a slow but jobless recovery and a public that is increasingly fretful about the accumulating debt.
When economists met privately with Democratic leaders of the House on Wednesday, the topic was how to pump billions more into the economy to stimulate job creation. They left with a homework assignment: How to cut trillions from future federal budget deficits.
That seemingly contradictory mix captures the unusual political and policy tension in the White House and Congress these days as the politicians deal with an economy that has begun a slow but jobless recovery and a public that is increasingly fretful about the accumulating debt.
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