Former U.S. comptroller general and CRFB board member David Walker writes in a Poltico op-ed about the need for lawmakers to focus on reaching a compromise on a bipartisian deficit reduction plan. He draws inspiration from the "No Budget, No Pay" provision in the debt ceiling bill, which withholds Members' salaries until their respective chamber passes a budget resolution.
Former Sen. Judd Gregg (R-NH) comments on the partisanship in Washington, an issue that so far has been holding back attempts to reach a deal that will solve our deficit problem. He elaborates:
What is causing all this dysfunctionality in Washington? Is there a way forward that does not involve the chaos theory our government is functioning under?
Today in an op-ed in The Patriot News, CRFB president Maya MacGuineas and Pennsylvania Fix the Debt Co-chair Thomas Rippon call for bipartisan compromise from our national leaders in putting our debt on a sustainable path.
Urban Institute Fellow and CRFB board member Gene Steuerle suggests that the greatest challenge for today's lawmakers is not action, but realizing that their solutions will be imperfect. Rather than viewing certain programs and elements of the tax code as sacred, lawmakers should figure out ways in which programs could be improved or replaced with superior alternatives.
Yesterday, CRFB board member and former Congressman Jim Kolbe (R-AZ) illustrated in The Arizona Republic that only a package that includes substantial reform of both entitlements and the tax code will be enough to fix our unsustainable national debt problem. Kolbe explains that simply cutting discretionary spending further nor reducing the "holy trinity of waste, fraud, and abuse" will be enough get our deficits under control.
Former CBO Director and CRFB Board Member cautioned political leaders in a op-ed in The Hill, that merely finding just enough savings to repeal the fiscal cliff would be not only be a wasted opportunity but a sure sign that Washington is still not serious about controlling our unsustainable debt.
Michael Peterson, President and CEO of the Peter G. Peterson Foundation, writes in Politico that much of the coverage on the fiscal cliff has missed the real point. What the debate needs is a concrete target for debt reduction. He writes:
Former U.S. Comptroller General David Walker writes in today's Politico that not all of the attention should be on the upcoming fiscal cliff - we also need to take a serious look at our medium and long term debt problem. A deal could address the long term drivers of debt while minimizing damage to our recovering economy. Walker writes:
Former Council of Economic Advisers Chair and CRFB Board Member Laura Tyson writes in The New York Times about the dual challenges of "Go Fast" to repeal the fiscal cliff and "Go Big" on a comprehensive plan to reduce the debt over the long term. She writes: