Obama says Fight over Debt is Slowing Down Job Growth

In a meeting with his jobs council today, President Obama and the council discussed many different ways to increase job growth in the current market.  According to Obama, “We need to solve our medium and long-term debt problems, not just for abstract reasons, but because they’re a concrete impediment to growth and jobs.”

The president believes that we should find a way to cut federal deficits, as he feels like it would enable private businesses to invest in more jobs, as they will see a more stable and secure future.

Read the original article here:

http://money.cnn.com/2011/06/13/news/economy/obama_jobs/index.htm?section=money_news_economy&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_news_economy+%28Economy+News%29