In an interview with ABC News, President Obama “rejected calls to balance the federal budget in the next ten years and instead argued that his primary economic concern was not balancing the budget, but rather growing the economy.”
Said Obama: “My goal is not to chase a balanced budget just for the sake of balance. My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue.”
Wonk Wire: Why we don’t need to balance the budget.
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