Bush, Obama, McConnell, Boehner... Aren't We Already In Austerity Spending ???

[SunsetDreams]

11. President Obama, Bill Clinton Stump on ‘Growth’ vs. ‘Austerity’ Agenda

President Obama and former President Bill Clinton tonight pitched a coordinated message on jobs and the economy that appeared designed to confront an electoral landscape unsettled by Friday’s dismal jobs report and an expected Republican victory in Wisconsin’s gubernatorial recall.

Sharing the stage at the Waldorf Astoria hotel in Manhattan, presidents 42 and 44 offered a robust defense of Obama’s handling of the economy and vision for the future, asserting more forcefully than they’ve done elsewhere in recent weeks that more short-term government spending is needed to boost hiring while insisting Republicans have been blockading the effort all along.

“If you do not have economic growth, no amount of austerity will balance the budget because you will always have revenues go down more than you can possibly cut spending,” Clinton told the crowd of Republican budget plans.

"So what [Obama] did was to say growth today, restraint in a big way tomorrow. … Growth and jobs today, build the economy, then take the burden of the debt off our children’s future and avoid the exploding interest rates and declining living standards that it would impose on their future.”

http://abcnews.go.com/blogs/politics/2012/06/president-obama-bill-clinton-stump-on-growth-vs-austerity-agenda/