On March 1, EPI President Lawrence Mishel joined more than 300 economists who signed a letter to President Obama warning about the danger of budget cuts that would threaten the country’s long-term competitiveness.
“Investment is the cornerstone of economic growth and the key to our long-run national prosperity,” the letter said. “It creates jobs now and lays the foundation for long-term economic growth and a strong middle class. As Congress begins to debate the federal budget, it must be careful to sustain critical investments in the productive capacity of the United States.”
The full text of the letter is printed below.
Letter to President Obama:
Cutting investments from the federal budget will undermine the strength of America’s economy.
