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Clyburn: 'We've got to spend our way out of this recession'

By Michael O'Brien - 02/01/10 01:56 PM ET

The U.S. government must spend its way out of the recession, the Democrats' third-ranking House leader stressed Monday.

Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn't help alleviate the recession.

"We've got to make some decisions here as to what's in the best interests of our country going forward," Clyburn said during an appearance on Fox News. "And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work."

"We're not going to save our way out of this recession," the majority whip added. "We've got to spend our way out of this recession, and I think most economists know that."

Obama's budget, which was unveiled Monday morning, calls for $3.8 trillion in spending for 2010, but is projected to cause a $1.27 deficit.

A number of key Democrats in Congress have responded to the proposal, including House Appropriations Committee Chairman David Obey (D-Wis.), who said lawmakers would seek to abide by spending freezes within the budget, but seek to extend caps to defense and national security spending, too.

Some other Democrats have worried that without expanded spending on social programs and other elements of the budget, some people hit hardest by the recession would be disadvantaged by the budget.

Clyburn suggested that talk of reducing the deficit was moot as long as the economy remained sluggish in the foreseeable future.

"You're not going to bring down the deficits, you're not going to eliminate these problems without growing this economy," he said. "And you're not going to grow the economy by wishing it; you've got to invest in it. And that's what we're doing with this budget."

Source:
http://thehill.com/blogs/blog-briefing-room/news/79039-clyburn-weve-got-to-spend-our-way-out-of-this-recession

Comments (969)

How stupid does this partisan hack Clyburn think we are?BY Phil T on 02/01/2010 at 13:15
When your IQ is the same as your shoe size of course such statements makes sense.BY K from AZ on 02/01/2010 at 13:36
idiot.BY What an on 02/01/2010 at 13:44
This statement by Clyburn will have to rank in the top five stupid statements of the year. So America, let us all go to the bank this afternoon and borrow money so that we may spend out way out of debt. The president of the bank would show us the door immediately, as soon as he got off of the floor laughing.BY Navy on 02/01/2010 at 13:50
The comments here are far stupider than anything Clyburn said.Just about any economist in the world (by which I mean a real economist, not some right-wing TV personality) will tell you that deficit spending has a stimulative effect on the economy.A government is not a business, and it shouldn't act like one. It should run deficits in hard times to boost the economy and balance the budget in good times. The recession was not caused by debt, and trying to balance the budget this year would make the recession worse.Now, the bill comes due eventually and this might not be the best time for another large stimulus. Too much debt now will require bigger sacrifices later. But only an idiot would call Clyburn an idiot for this statement.BY AJL on 02/01/2010 at 14:22
Lets hear 1 credible economist say we can spend our way out of a recession. Clyburn is only a leader in the house because he is black. This sort of stupid statement shows that.BY Reagan on 02/01/2010 at 14:32
I really don't think that anyone does not agree that THEORETICALLY spending, in the right places, during a recession, can help. THAT IS NOT THE POINT.But, THESE CRIMINALS HAD THEIR CHANCE ALREADY. THEY SIMPLY STOLE IT. THE BANK IS EMPTY.They wasted it and will waste any additional money. Like GIVING DRUGS TO A DRUG ADDICT.But better than that… IF YOU READ THE BLOGS, TODAY IS THE DAY. FEBRUARY 1, 2010. Those who think they know what is going on better check it out…The gr[***]roots progressives ARE ASKING TO BE LET INTO THE TEA PARTY. Not the hijacked one, the real one. To the leadership… we have nowhere else to go now, its official. Let's save our country together.BY tropicgirl on 02/01/2010 at 14:47
And if you don't agree with this idiot, Clyburn, you might be a racist.BY Christian on 02/01/2010 at 15:21
What a bunch of ignorant stupid morons YOU HAVE ELECTED— make it right ; KICK THEIR [***]ES OUTBY joe dillon on 02/01/2010 at 15:22
Well at $100,000 to fill her in flight wet bar you can't say Pelosi isn't trying..BY GRAM on 02/01/2010 at 15:23

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