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So much for deficit reduction. President Obama’s Fiscal Year 2015 budget, due out in March, will focus on “investments” for “a stronger future,” Obama’s top economic adviser said on Thursday. Savings will be “directed towards the long-term.”
“And I think what we don’t want is for our deficit reduction to come at the expense of the investments in the future,” Gene Sperling, director of the National Economic Council, told Politico’s “Morning Money Breakfast Briefing” on Thursday.”You want to have a more robust ability to invest in research, in children, in training and higher skills. Those are things — infrastructure — those are the things where one generation invests for a stronger future.”