Pelosi says Americans could ‘absorb’ increased deficit if it means more jobs

By Michael O’Brien
The Hill

Americans could be ready to “absorb” increases to the deficit if it means higher employment, Speaker Nancy Pelosi (D-Calif.) said Tuesday.

As the Congress prepares to put together a new spending package focused on creating new jobs in the U.S., the Speaker said that while it’s a “false choice” to pose the situation facing lawmakers as a balance between jobs and increased deficits, Americans would rather have jobs.

“So if somebody has the idea that the percentage of GDP of what our national debt is will go up a bit, but they will now — and their neighbors and their children will — have jobs, I think they could absorb that,” Pelosi said in a conference call with liberal bloggers on Tuesday, audio of which was posted by ThinkProgress.

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