The Hill: Pelosi Says Americans Could 'Absorb' Increased Deficit If It Means More Jobs

[flpoljunkie]

(Nancy Pelosi gets it. Thank you, Speaker Pelosi, for speaking out.)

Pelosi says Americans could 'absorb' increased deficit if it means more jobs
By Michael O'Brien

Pelosi said deficit growth has been "stunning," but rejected the idea that a jobs bill would necessarily pose a threat to the deficit.

"We don't subscribe to the idea that some are for deficit reduction and some are for job creation; we think, again, as I said at the beginning, that's a false choice," she said. "We’re never going to decrease the deficit until we create jobs, bring revenue into the Treasury, stimulate the economy so we have growth."

The Speaker said Democrats must also "shed any weakness" about being confrontational on the issue out of fear that the party would be labeled as insensitive to the deficit.

Pelosi suggested, too, that if lawmakers are reluctant to spend for job creation, similar problems that plagued the U.S. during the Great Depression may strike again.

"If we pull our punch, as they did in the mid-'30s, we shouldn’t be surprised if history repeats itself," she explained.

more...

http://thehill.com/blogs/blog-briefing-room/news/69317-pelosi-americans-could-absorb-increased-deficit-if-it-means-more-jobs

[Cant trust em]

1. This is what Krugman has been saying. He's about the only person I listen to anymore. nt

[chill_wind]

6. Dean Baker, too. n/t

[AngryAmish]

2. If there is going to be a second stimulus, it needs to be 2 or 3 times larger

That will really get things going.

[flpoljunkie]

4. It won't be called a 'stimulus.' It will be a sorely needed 'jobs' package.

[AllentownJake]

3. Looks like there is about to be a fight

The House Dems need unemployment to go down in 2010, not 2012.

[backscatter712]

5. Pelosi's exactly right, as is Krugman.

We're in a recession (OK, I know that Wall Street is not in a recession, but the rest of us are still in a recession, until the job market unfucks itself.)

In recessions, you do the Keynesian thing and spend countercyclicaly to stimulate the economy and put people back to work.

Once the economy's booming, THEN you tighten the belt and pay down debts.

[chill_wind]

7. She'll have DeFazio and other strong Dems like him on board.

He went on that offensive last week already.

[chill_wind]

8. kicking

[flpoljunkie]

10. Some news to be thankful for this day!

[SemiCharmedQuark]

9. REC

[flpoljunkie]

11. Thanks!