Blog 4: "The war between Cutters and Postponers"

For this blog I have chosen to critique an online editorial from the Huffington Post. The author, Leo Hindery Jr., is commenting on the current debate in congress between the cutters of the federal deficit and the postpones. His targeted audience seems to be that of the American Public. This article was designed to enlighten individuals of the current debate and supports the postpones side of the conflict.
The Cutters argue that “large fiscal deficits threaten long-term fiscal credibility and depress private confidence and spending.” These individuals refer to the contrary discrepancies between the Obama Administration’s commitment to bring down the federal deficit to 3% by the year 2015, and the IMF’s opinion that by 2021 the deficit will actually rise from 62% to 90%. Most of these individuals are supporters of the trickle-down economics theories of the reagan era. Hindery points out the fact that this philosophy has, “created more income inequality than at any time since 1928,” and has been “debunked by nearly every responsible economist.”
The Postponers, on the other hand, see the need to slow federal deficit, but believe that the creation of the much needed 22 million jobs should take priority. They propose simultaneously slowing the growth of long-term spending and the creation of jobs.
Hindery points out that The White House should be the balancer of this debate. However, Larry Summers, chief economic advisor for the Obama Administration, seems to be looking at this economic disaster as if these were normal fiscal circumstances. That causes even more upheaval and doubt both in the eyes of the citizens as well as in congress.
Hindery makes it clear in his article that he is a strong supporter of the postponers. He has pointed out that “additional thoughtful job creation would be at least deficit neutral over the medium term and most definitely deficit reducing over the long term.”
I for one am in complete agreement with Mr. Hindery. I am one of the 22 million unemployed individuals in this country who is struggling to find job security. I am an honest hard working mother of two. I have been a dental assistant for many years and should find it easy to secure employment. However, after having twins and taking time off to care for them, the job market worsened. Now three years and thousands of sent resumes later, I am still a jobless stay at home mom barely scraping by.

http://www.huffingtonpost.com/leo-hindery-jr/deficit-cutters-vs-postpo_b_659941.html