Why can’t Congress aim for higher ground?
Submitted by Edgar on Wed, 12/11/2013 - 2:55am
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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