Congress, Austerity | featured news

Bill Clinton's advice to Democrats: Oppose austerity

"Here's the dilemma: we do have a long-term debt problem, but that doesn't mean that austerity now is the right response," Clinton said, adding that Republicans only support austerity measures "when Democrats are president." An affirmative plan on how to spark job creation and growth is a more powerful argument to the public than the GOP's advocacy for spending cuts and downsizing government, he contended.

 

Deficit panel falls short of demanding congressional action on plan

The plan, containing sweeping austerity and reform proposals, receives support from 11 of the 18 members on the bipartisan commission, but 14 votes were needed to require Congress to consider it.

 

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