The United States does not have a short-term debt problem, just a “jobs crisis” that can be solved with greater government stimulus spending, according to AFL-CIO President Richard Trumka.
Speaking at a press conference on jobs Wednesday, Trumka called for greater government spending in areas like education and jobs.
Asked whether such spending was responsible in an era of record federal debt and deficits, he replied that “the United States doesn’t have a short-term debt crisis, it has a short-term jobs crisis.”
The head of the nation’s largest labor union organization then compared increased federal deficit spending to mortgages or the taking out of student loans, saying each was an “investment” in the future.
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