Trumka: Creating Jobs Is Best Way to Fix Deficit

AFL-CIO NOW BLOG | Trumka: Creating Jobs Is Best Way to Fix Deficit

The best way to reduce the growing federal deficit is to create 10 million jobs now—the number of jobs needed to close our jobs deficit—not to cut vital programs such as Social Security and Medicare, AFL-CIO President Richard Trumka said.

"The best way to fix the deficit is to create 10 million jobs now -- the number of jobs needed to close our jobs deficit. This will require large amounts of public investment in the short term, which should be paid for in future years by taxing Wall Street. In addition to creating jobs for Main Street this tax will also curb short-term speculation and other Wall Street abuses that caused this recession. "

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Posted by Chuck Bell at 7:22 PM