Financial Times Reporter: Is Next Year Too Soon to Address Deficit?

Only a liberal could imagine that addressing the federal deficit and creating jobs might be mutually exclusive. On MSNBC's Feb. 3 "Morning Joe," Chrystia Freeland of The Financial Times asked Sen. Debbie Stabenow, D-Mich., whether she agreed with President Obama's stated intention of addressing the deficit next year.

"Senator, we've also heard from the president that next year - in his budget for next year - he is going to be focusing on deficit reduction, and he thinks its gonna be time be worried about that," Freeland said. "Is that too soon? Are you worried that the president should really be focusing right now still on stimulating the economy?"

Stabenow took the cue to launch into anti-Bush boilerplate. "Well we have to be focused on both and it's tough," she said. "I mean this president not only inherited the biggest deficit we've ever had, but the biggest deficit in jobs that we've ever had. We've got over 15 million people without jobs right now - bread winners no longer able to bring in a pay check."

Stabenow said that, while jobs must be the focus, "at the same time, we have to send a signal that we get it about these huge deficits."

Nobody pointed out that in the year since Obama took office and the stimulus passed, the deficits have exploded and so has unemplyment. But at least they're gettingt ready to send a signal next year that they "get it."

Matthew Philbin
Matthew Philbin
Matt Philbin is Managing Editor of MRC Culture