These questions all get at the premise behind the plan: that the deficit needs to be reduced.
--With lending rates at such lows, why does the Administration believe it is even necessary to reduce the deficit at this point? Instead, why not use cheap deficit spending to make public investments?
--How did the Administration choose the magnitude of the deficit reduction sought in this plan? In particular, how do you balance the loss of public sector investments and jobs that will cost more in the long run with short term budgetary gains?
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These questions all get at the premise behind the plan: that the deficit needs to be reduced.
--With lending rates at such lows, why does the Administration believe it is even necessary to reduce the deficit at this point? Instead, why not use cheap deficit spending to make public investments?
--How did the Administration choose the magnitude of the deficit reduction sought in this plan? In particular, how do you balance the loss of public sector investments and jobs that will cost more in the long run with short term budgetary gains?
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