President Obama and House Speaker John Boehner are in private talks to raise the U.S. debt ceiling – the legal limit on borrowing by the federal government. The $4 trillion deal is expected to include a mix of spending cuts and new taxes – but nothing to create jobs.
“Cutting programs put in place to help the poor and elderly – i.e. Medicaid, Medicare and Social Security – is not the answer to this economic crisis. It will only increase unemployment,” said UCubed Executive Director Rick Sloan. “Higher taxes for America’s wealthiest residents are a great start. However, a sound agreement must also include provisions for creating jobs and putting America’s more than 29 million unemployed back to work.”
Jobs and a viable workforce are the only answer to lowering U.S. debt. Click here to tell Congress and the White House a deal forged without measures to spur job growth is a bad deal, doomed from the start. Tell leaders do not ignore jobs and the unemployed.