December 21, 2014

Exploring the Post-Fiscal Cliff World

November 13, 2012
American Public Media

Excerpt

 

With political pressure mounting, Diane Lim Rogers, chief economist for the Concord Coalition, a think-tank committed to balanced federal fiscal policy, believes politicians won't have much trouble working together to avoid the quickly approaching fiscal cliff.

Instead, Rogers wonders if Congress will be able to hash out a solution that serves longer-term goals.

"The pressure is exactly the opposite of what you need because the short-term worry about recession concerns gets mixed up with the longer-term need to reduce the deficit, raise national savings and kind of get ourselves on a more sustainable path," she says.