Economists urge “Jobs and Growth, Not Austerity”

Campaign for America’s Future is circulating a petition against austerity measures:

About 350 economists and experts have signed a statement calling for “presidential leadership — and congressional action — to spur jobs and growth, not dangerous austerity.” The statement warns Washington leaders to heed the lessons of European countries that have tried to cut their way to growth, “inflicting austerity on a weak economy leads to deeper recession, rising unemployment and increasing misery.”

The press release from November 14 is here. The timing, as the newly-reelected President Obama heads into negotiations over the “fiscal cliff”, also coincides with the growing use of the term “austerity” by commentators on the prospect of deeper cuts in the new year.

Jobs and Growth, Not Austerity - Campaign for Americas Future

Read the petition and see signatures here: Jobs and Growth, Not Austerity – Campaign for Americas Future.