Reich: Cutting Government Spending 'Rubbish'

Thursday, 24 Mar 2011 06:48 AM

By Hiram Reisner

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Former Labor Secretary Robert Reich says the government should not cut spending when the economy is trying to recover, and President Barack Obama should challenge GOP ‘rubbish’ claims that reducing federal expenses will create more jobs – or he will pay a political price.

reich, government, spending, cuts, rubbish“When consumers are reluctant to buy, when big businesses are sitting on about $1.6 trillion worth of cash – they’re not going to invest until they have customers – that’s the time you don’t want government to hold back; you want government right now,” Reich said Wednesday on MSNBC.

“Yes, the deficit’s a long-term problem, but right now you don’t want to cut government spending, yet [House Majority Leader] Eric Cantor and the Republicans are indulging – you hear it over and over and over – it's a big lie.

“Here’s the problem – George Orwell understood this in his novel ‘1984’ that came out in 1949: Unless it’s rebutted, unless there’s a repudiation, a sharp, clear repudiation, people eventually start listening,” Reich said. “They hear it all the time – they start believing it, particularly if they’re under some economic stress.”

Reich said it is up to Obama to set the record straight.

“There’s no challenge,” he continued. “The president ought to be out there – the president of the United States ought to be saying: ‘This is rubbish.’ The president is the only one who has the bully pulpit.

“If he doesn’t counter, and counter these Republican mistruths, he will be in trouble next year.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved