Democrats won the news cycle yesterday when they slammed John Boehner for calling the economic crisis an "ant." But winning a news cycle isn't the same as winning an election. A new poll shows that the President and his party risk political suicide if they join in the mad rush to cut Social Security, and a sleight-of-hand move by the House leadership today suggests they're considering it. more »
This is an excerpt of testimony delivered before the White House National Commission on Fiscal Responsibility and Reform on June 30, 2010
We need smart economic policies to reduce our structural federal deficit over time. But we are in danger of killing or weakening needed growth in the name of reducing deficits, and some of our deficit-reduction strategies are misguided. Plus, reducing the deficit cannot be our only economic policy goal. We also need to invest in the future.
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