Democrats’ Debt Defense: Balancing Budget now a Bad Idea

After a week of withering attacks on President Obama’s fiscal record, top Democrats on Sunday defended the president’s plans for shaving down the deficit — but said balancing the budget now would actually be a bad idea.

Senior campaign adviser David Axelrod, speaking on “Fox News Sunday,” repeated claims that Obama’s plan would cut the deficit by $4 trillion over the next decade, bringing the budget shortfall down to a point that would “stabilize” the debt.

“And then, with growth, we’ll be in a position to begin reducing it further,” he said.

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