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Thu, Jul 28 2011 14:53:59

Office Hours with Jason Furman 7/28/11

Jason Furman, Principal Deputy Director of the National Economic Council, responds to your questions on the economy and ongoing debt debate during White House office hours. http://www.wh.gov/officehours

  1. whitehouse
    This is Jason Furman, I work on economic policy at the White House, happy to be here for office hours. Use #WHchat to ask Qs.
    whitehouse
    Thu, Jul 28 2011 13:04:22
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  2. Mae_tweet
    #whchat #debt @whitehouse Where are signs of a recovery for The US Economy?
    Mae_tweet
    Thu, Jul 28 2011 10:39:39
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  3. whitehouse
    .@Mae_tweet: still a long way to go, but has been improvement; 16 straight mos of job growth & 2.2mill private sector jobs added #WHchat
    whitehouse
    Thu, Jul 28 2011 13:08:07
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  4. mikehoward51
    @whitehouse Why hasn't POTUS said there will be no default? Even if no debt lim incr, mnthly tax receipts far exced int due on debt. #WHChat
    mikehoward51
    Thu, Jul 28 2011 13:01:19
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  5. whitehouse
    .@mikehoward51: not meeting any of our obligations is a default. Would banks lend to a small biz that was delaying paying suppliers? #WHchat
    whitehouse
    Thu, Jul 28 2011 13:10:08
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  6. skydogz
    @whitehouse #WHchat Why are Obama and Reid offering No plan if they don't like Boehners 3 plans?
    skydogz
    Thu, Jul 28 2011 13:10:15
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  7. whitehouse
    .@skydogz: POTUS plan: http://wh.gov/rkc Reid plan: http://www.cbo.gov/doc.cfm?index=12338. Mos w/ Ds & Rs talking. All know options, need compromise #WHchat
    whitehouse
    Thu, Jul 28 2011 13:15:04
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  8. SenatorReyes44
    In the event that bipartisan compromise is established , how will the deficit become more reduced? #WHchat
    SenatorReyes44
    Thu, Jul 28 2011 13:13:41
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  9. whitehouse
    .@SenatorReyes44: Simple, cut spending + cut tax loopholes = lower deficit and debt. #WHchat
    whitehouse
    Thu, Jul 28 2011 13:17:26
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  10. kilowat
    what will all of these cuts $$$ do to the economy in the years to come #WHchat
    kilowat
    Thu, Jul 28 2011 13:15:45
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  11. whitehouse
    .@kilowat: Impt that cuts are phased in over time, too fast/deep will hurt recovery & jobs. A credible, balanced plan will help. #WHchat
    whitehouse
    Thu, Jul 28 2011 13:20:59
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  12. audhilly
    @whitehouse #WHchat Why not do short term deal and focus on tea party and educating public re Bush and deficit? Get a workable congress?
    audhilly
    Thu, Jul 28 2011 13:16:50
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  13. whitehouse
    .@audhilly: long-term deal impt, no one wants to repeat this again over Xmas, critical period for the economy. Should solve now. #WHchat
    whitehouse
    Thu, Jul 28 2011 13:24:14
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  14. adamlbarr
    Why are we so focused on cutting government spending, when we need to be stimulating the economy to fuel the recovery? #WHchat
    adamlbarr
    Thu, Jul 28 2011 13:22:34
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  15. whitehouse
    .@adamlbarr: POTUS wants payroll tax cut, unemp insure extended, cannot withdraw from econ next yr. Spending cuts shld be phased in. #WHchat
    whitehouse
    Thu, Jul 28 2011 13:26:31
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  16. smittyfuel
    @whitehouse It all seems so simple, then why is this taking so long? Politics seem to be dragging America straight into the ground. #WHchat
    smittyfuel
    Thu, Jul 28 2011 13:22:33
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  17. whitehouse
    .@smittyfuel: Often ask myself that, making numbers add up on my spreadsheet not hard. Need compromise from Congress #WHchat
    whitehouse
    Thu, Jul 28 2011 13:29:12
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  18. jpe2209
    @whitehouse @skydogz pointing to facts like this when replying to questioner helps combat misinformation. Great job #WHchat !
    jpe2209
    Thu, Jul 28 2011 13:27:47
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  19. whitehouse
    .@jpe2209: Thanks, my first time tweeting but sadly not my first time (or I fear my last) combatting misinformation #WHchat
    whitehouse
    Thu, Jul 28 2011 13:30:54
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  20. JLMonkeyToes
    @whitehouse compromise a necessity, but is cutting back social safety nets wise while unemployment & economic disparity up? #WHchat
    JLMonkeyToes
    Thu, Jul 28 2011 13:29:48
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  21. whitehouse
    .@JLMonkeyToes: Agree #WHchat
    whitehouse
    Thu, Jul 28 2011 13:32:21
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  22. erin_kilpatrick
    @whitehouse - May be an incredibly ignorant question, but who exactly is the US indebted to? How will Ds and Rs see eye-to-eye? #WHchat
    erin_kilpatrick
    Thu, Jul 28 2011 13:31:17
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  23. whitehouse
    .@erin_kilpatrick: anyone w/Treasuries. You prob do 2, through savings accts, other retirement. +frgn holders: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt #WHchat
    whitehouse
    Thu, Jul 28 2011 13:36:29
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  24. ryan3262
    @GrabBrian @adamlbarr One-time stimulus creates artificial demand. It is not sustainable. Dont give me that 'multiplier effect' crap #WHchat
    ryan3262
    Thu, Jul 28 2011 13:35:48
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  25. whitehouse
    .@ryan3262: don't want to raise taxes on 150 million American workers next year, would happen if we don't extend payroll tax cut #WHchat
    whitehouse
    Thu, Jul 28 2011 13:38:51
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