October 30, 2014

Ending 'Deficit Denial'

Whether the U.S. can move beyond “deficit denial” may depend on three elected officials who will each present a budget plan early next year: President Obama, House Budget Chairman Paul Ryan (R-WI) and Senate Budget Chairman Kent Conrad (D-ND).

These three key players could just dig in, tend to their political bases and blame each other for the resulting gridlock. A better approach: compromise and careful consideration of the recommendations of two bipartisan commissions that proposed a mix of spending cuts and revenue increases.