11:45 am December 8, 2009, by Henry Unger
What’s more important for the government to do right now — create jobs or reduce the deficit?
President Barack Obama is proposing ways to encourage new hiring by small businesses, including several tax incentives and new access to credit, the Associated Press is reporting.
Obama put forward the measures in a speech Tuesday, in which he laid out some of the things he would like to see in a new jobs bill to address continued high unemployment, AP said.
To help unlock credit for small businesses, for instance, Obama said he supports using money left over from the government’s bank bailout to increase lending.
But, at the same time, the federal deficit is ballooning, adding trillions of dollars to our long-term debt.
What should the priority be — putting people back to work or getting a handle on our debt?
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