Why can’t Congress aim for higher ground?
Submitted by Edgar on
By Lee Hamilton.
The country needs gradual deficit reduction that avoids disrupting the economy or harming the vulnerable. Congress should craft a long-term solution to problems that have held economic growth far below its potential. Congressional budget negotiators are moving to meet a December 13 deadline to produce, well, something. Commentators say even the narrowest will be a signal achievement. Doesn’t that seem like an awfully low bar to you? Yes, I know. The atmosphere on Capitol Hill is poisonous. Yet there are consequences to not producing an agreement that brings clarity to fiscal affairs.
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