HUFFPOST: Your argument is that they keep trying the same exact trick over and over again. Their argument is, you've changed. That in 2009 and 2010, you were talking about belt-tightening, you actually were explicit in talking about reforming entitlements. They look back at those years and they say, “Where’d you go?”A many happy with less than 3% GDP year after year!
OBAMA: Well, actually, the truth is, is that circumstances changed. At that time, we were seeing significantly higher deficits, and the economy was just beginning to grow. We now know that we’ve got strong growth. As a consequence, as I argued at the time, the deficits have come down -- they are now below 3 percent of our GDP, our gross domestic product, which is a stable place for us to be.
What you have to do is to look at what’s going to keep our economic growth going, what’s going to make sure jobs are being created. If you implement their budget, in the first three years alone we would see about half a percentage point less of economic growth than we currently see. That’s hundreds of thousands of jobs that are eliminated.
Sunday, March 22, 2015
Here's The Full Transcript Of Obama's Interview With HuffPost
The Huffington Post has an interview with central planner Barack Obama. You'll notice Obama wants Washington D. C. to run the economy: