Addressing the House Democratic Issues Conference, Bill Clinton asserted that austerity isn’t the way out of our “long-term debt problem,” and he suggested that the GOP is only interested in austerity measures because the president is a Democrat.
President Clinton says Republicans "like austerity when democrats are president."
— Jill Jackson (@jacksonjk) February 8, 2013
Bill Clinton on Republican economics: "They like austerity when a Democrat is President."
— Darren Gersh (@DarrenGersh) February 8, 2013
While many in the GOP establishment do seem to have forgotten their commitment to fiscal conservatism, the fact remains that our debt is still growing and the Democrats, currently running the show, refuse to consider frugality as a solution.
#Bill #Clinton repubs for austerity when Dems n;says #Krugman right need jobs program innovation infrastructure bank ;debt after growth
— Steve Cohen (@RepCohen) February 8, 2013
And how is this “growth” supposed to happen? By raising taxes further?
Clinton says we need growth to reduce debt. Good thing we've had such good growth under Obama. It's why the debt is so low.
— Brian Faughnan (@BrianFaughnan) February 8, 2013
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RT @russellberman: Bill Clinton tells House Dems entitlement spending a longterm problem, but admits: "I don’t how you’re going to do this."
— Philip Klein (@philipaklein) February 8, 2013
The status quo certainly isn’t doing the trick. Americans have already begun taking austerity measures of their own:
You know what austerity is? It's American families living in a one-room apartment and eating Ramen noodles. The Fed is living large. Man.
— Melissa Mackenzie (@MelissaTweets) February 8, 2013
I don't think "austerity" means what you think it means, Bill Clinton.
— Melissa Mackenzie (@MelissaTweets) February 8, 2013
Perhaps it’s time for the government to follow suit.
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