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Bill Clinton's advice to Democrats: Oppose austerity

"Here's the dilemma: we do have a long-term debt problem, but that doesn't mean that austerity now is the right response," Clinton said, adding that Republicans only support austerity measures "when Democrats are president." An affirmative plan on how to spark job creation and growth is a more powerful argument to the public than the GOP's advocacy for spending cuts and downsizing government, he contended.

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