Reich: Deficit Too Small, Government Should Spend More

Wednesday, August 26, 2009 2:17 PM

By: Forrest Jones

The U.S. government is expected to report a budget deficit of $1.6 trillion for the fiscal year ending Sept. 30, a figure that is actually quite small, according to former Labor Secretary Robert Reich.

In fact, even more government spending is needed to get the U.S. economy going again, says the Clinton-era figure.

“It strikes me as alarmingly small,â€