Last updated on 2011.07.30
Robert Reich laments that the Republicans have effectively used a manufactured debt crisis to divert everyone's attention from the real problem they don't want to solve: the jobs crisis:
If and when the economy begins to grow faster &ndash if more Americans get jobs, and we move toward a full recovery &ndash the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
Get it? We're really in a "jobs and growth" crisis &ndash not a budget crisis.
And the best way to get jobs and growth back is for the federal government to spend more right now, not less &ndash for example, by exempting the first $20,000 of income from payroll taxes this year and next, recreating a WPA and Civilian Conservation Corps, creating an infrastructure bank, providing tax incentives for small businesses to hire, expanding the Earned Income Tax Credit, and so on [Robert Reich, "Don't Fall for the GOP Lie: There is No Budget Crisis. There's a Job and Growth Crisis," 2011.07.28].
Say, Kristi, whatever happened to that jobs bill you and your House GOP colleagues promised us? What you and Boehner are doing so far doesn't seem to be helping....
Update 2011.07.30 08:36 CDT: More proof that jobs are not Congress's #1 priority: they would rather wrangle about rural airport subsidies and rules to weaken unions than authorize funding for the Federal Aviation Administration that would put 4,000 federal workers and 70,000 construction workers back on the job. Learn more from Secretary LaHood.