The jobs plan: From deficits to jobs, and back
Republicans and the deficit stand in the way of a new stimulus package
Sep 17th 2011 | WASHINGTON, DC | from the print edition
[Greg Ip] AMERICA’S political priorities have undergone a breathtaking about-turn. In early August Barack Obama and Congress were consumed by fears about deficits, eventually making a deal to cut more than $2 trillion dollars from the budget over the coming decade.
By the time Mr Obama spoke to Congress on September 8th, though, the deficit had taken a back seat to job creation.