President Obama on Austerity Programs (January 31, 2015)

During President Barack Obama’s interview with CNN’s Fareed Zakaria, he discussed Greece, saying “Fiscal prudence is important, structural reforms are necessary in many of these countries. But what we’ve learned in the U.S. experience… is that the best way to reduce deficits and to restore fiscal soundness is to grow.  And when you have an economy that is in a freefall, there has to be a growth strategy and not simply the effort to squeeze more and more out of a population that is hurting worse and worse.”

Hear the interview here: