Jared Bernstein | On the Economy: Someone just asked me, “How does the White House pivot from targeting deficits to targeting jobs?” How’s this? “Based on new information, we are now pivoting from targeting deficits to targeting jobs!”
OK, I’m not a speechwriter. But that’s the gist. And by no means should that preclude us from setting a balanced path toward a sustainable budget. It’s just too early to set down that path.