If Republicans manage to cut federal spending significantly between now and Election Day while state outlays continue to shrink, the certain result is continued high unemployment and anemic growth.
Obama's challenge in 2012 has nothing to do with Bill Clinton's in 1996. He must fight the Republican plans to cut the budget deficit this year and next, and explain to the public why he's doing so. And he must convince Americans that public spending during the next few years is necessary to get the economy moving, reduce the long-term debt as a portion of the total economy, and get jobs back.
Obama's challenge in 2012 has nothing to do with Bill Clinton's in 1996. He must fight the Republican plans to cut the budget deficit this year and next, and explain to the public why he's doing so. And he must convince Americans that public spending during the next few years is necessary to get the economy moving, reduce the long-term debt as a portion of the total economy, and get jobs back.
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