October 1, 2014

Despite Shrill Rhetoric, Some "Rough" Common Ground

  • One of the drivers of the country's current fiscal policy debate has been the work of the President's bi-partisan National Commission on Fiscal...

Some people on both ends of the political spectrum have criticized the recommendations of the President’s fiscal commission as well as other bipartisan deficit-reduction plans such as the one recently unveiled by the Bipartisan Policy Center's Debt Reduction Task Force. Some of these critics favor other plans.

“With all the screaming coming from both extremes, you'd think the competing visions out there must be so vastly different that there couldn't possibly be such a thing as a truly ‘bipartisan’ way to reduce the deficit,” says Diane Lim Rogers, The Concord Coalition’s chief economist.

But in a blog posting Monday, Rogers points to some “rough” similarities between a number of the competing plans. These include domestic and defense spending cuts, progressive changes in Social Security and Medicare, capping tax preferences such as itemized deductions, and more effective short-term measures to stimulate the economy.