White House to Democrats: Economy Justifies Entitlement Cuts
Gene Sperling, director of the White House’s National Economic Council spoke to a group of Democratic business members — but much like an inkblot, what his words mean is up for interpretation. According to Bloomberg Businessweek‘s Joshua Green, Sperling was basically telling his audience that “We’re going to have to accept entitlement cuts — get used to it,’” with “the weakness of the economic recovery” as “justification.”
Green qouted Sperling’s speech, “We could have an economic growth strategy where we had a more pro-jobs pro-recover fiscal policy right now that included — that did not have this harmful sequester.
“We could have more savings that were on both the revenue and entitlement side that were long-term and would help in the future. And we could make sure that we’re making room for the things that almost everybody things we need to do more of,” and noted that his wording was important. Green also believes the white house is largely looking for a deal that is more “pro-growth” over simply hitting “a particular metric in new tax revenue.”