No more sacred cows, Congress: Put everything on the budget-cuts table
Republicans, it's time to put defense spending on the table. Democrats, take down the walls around Social Security and Medicare.
Even defense spending, even tax expenditures. I did this opening segment of Tuesday’s PBS Newshour broadcast, with my 12-year-old son Johnny watching me in the makeup room and from the “green room”–which made it all the more special. One of my standard favorite lines I didn’t get to squeeze in about the politicians’ take on fiscal responsibility and reducing the deficit: “It seems like a good idea…until you get right down to it”–i.e., it’s always easier in abstract theory than in specific practice.
As both Jim Horney (of the Center for Budget and Policy Priorities) and I emphasize in the interview, everything should be on the budget-cuts table, and in fact, many in Congress like to use that line. But then you listen more carefully and you find Republicans taking revenue increases and defense/national security cuts off the table, and Democrats taking most other types of spending off the table (whether for short-term or longer-term reasons), and you soon realize that what’s really left on the “bipartisan deficit-reduction table”–at least within the current Congress–is really close to nothing. And that’s a huge problem: the contrast between what non-politician budget experts from both the left and the right agree on, and what Congress can’t agree on.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.