Bob Bixby: The U.S. Is So Close to Falling Into “Deadbeat” Status
Here’s a Bloomberg interview of my boss, Bob Bixby. Bob explains that policymakers have made so little progress in terms of fiscal responsibility that even the motions they’re making to appear fiscally responsible–such as proposing a balanced budget amendment–are quite the opposite, because they only serve to distract policymakers from actually making the necessary (and tougher) policy choices. He also emphasizes that the unsustainable debt is a far greater threat to the economy than the revenue increases or spending cuts it would take to actually get to sustainability, labeling suggestions to the contrary as “silly.” It’s a great interview that well represents the Concord Coalition’s perspective on the debt limit issue.
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