He has to tax where there is negative propensity to spend and cut where there is negative propensity to save.

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>   (email exchange)
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>   On Thu, Jun 16, 2011 at 8:15 AM, Stephanie wrote:
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Obama’s White House Press Secretary says, ”Obama approaches the deficit talks with a “singular concern, which is that the outcome of the deficit reduction talks produce a result that significantly reduces the deficit while doing no damage to the economic recovery and no damage to our progress in creating jobs.”