GROWTH AND JOBS
IN THE NAME OF
DEFICIT REDUCTION
On September 16, 2010, the following statement, signed by more than 300 economists and civic leaders, was publicly released. It warns of “a grave danger” that today’s still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the White House Commission on Fiscal Responsibility and Reform.
The statement urges the president and Congress to “redouble efforts to create jobs” through investment in infrastructure, sending aid to the states and creating public service jobs.
In addition to warning that premature deficit reduction will cripple growth, the statement also warns that some conservative deficit reduction proposals would undermine such important programs as Social Security, even as they fail to reduce deficits. Finally, the statement outlines a plan for reviving growth and jobs, for effective deficit reduction after the recovery, and for investment in infrastructure, green technology, and long-term economic productivity and job creation.
http://ourfuture.org/files/documents/don%27t-kill-growth-and-jobs.pdf