In an epic moment of television, Rachel Maddow explained to America why Republicans are wrong to be focusing on the deficit when economic growth is the real problem.
Here is the video from MSNBC:
Visit NBCNews.com for breaking news, world news, and news about the economy
The deficit is not the biggest problem in the country. The deficit is shrinking already by hundreds of millions of dollars every year the president has been president. I mean, to the extent we need to count on debt, we need to use debt to accomplish other goals, you may not like the idea in the abstract, but, honestly, debt is cheaper now than it has been in a long time. Focusing on the debt and deficit to the exclusion of everything else is like arguing
about the color you might paint your car while you`re crashing that car into a tree.
In Washington, the Republicans are arguing about not a pretend problem but something honestly that is a secondary or tertiary problem — a problem that has no pressing real world need to be the one problem we wreck everything else to solve. If you look at the real economy in the real world right now, outside of Sunday morning, what everybody else in the country can tell, is what the economy needs right now is stimulus. You don`t need to take money out of the economy right now. You don`t need to further contract the economy. You need to stimulate the economy. The economists who track this stuff already think we`re not growing enough to get back to a healthy economy.
keyboard shortcuts: V vote up article J next comment K previous comment