Obama to issue new proposals on job creation, debt reduction - The Washington Post
I think this is moving in the right direction. Personally, I believe a jobs plan that would put the American economy back on track would primarily involve a huge infrastructure overhaul and public works program. While this will necessarily involve more spending, this is spending that we have to do sooner or sometime later down the road, regardless. The state of our infrastructure is quickly falling behind that of other industrialized countries, and our current infrastructure (i'm talking about transporation, power grids, information, etc.) is simply costing us more and more as our population grows and it just sits there deteriorating.ALPHA, Ill. — President Obama has decided to press Congress for a new round of stimulus spending and tax cuts as he seeks to address the great domestic policy quandary of his tenure: how to spur job growth in an age of austerity.
Obama will lay out a series of ideas in a major address right after Labor Day, when he and
a largely antagonistic Congress will return from vacation, the White House said Wednesday.
The president is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that would target the long-term unemployed, according to administration officials and other people familiar with the matter. Some ideas, such as providing mortgage relief for struggling homeowners, could come through executive action.
I believe any sound plan to curb the debt/deficit will involve both cutting unnecessary spending, but at the same time our economic growth must be on a healthy footing in order to be a sound foundation for deficit-reduction. I believe that the way to attack to the deficit is to yes, find some savings, but also to fix the economy first; as opposed simply austerity, as many conservatives would have it.