Largely overlooked in the coverage of President Obama's latest press conference was his call for another round of deficit-fueled stimulus spending as part of a debt reduction package.If that sounds a bit incongruous, here's how Obama justifies it. "One of the most important things we can do for debt and deficit reduction is to grow the economy," he said, adding that "if there are steps that in the short term may reduce the amount of cash in the treasury but in the long term mean that we're growing at 3.5% instead of 2.5%, then those ideas are worth exploring."
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