Recently, particularly since the rise of the Tea Party a few
years ago, there has been a near-obsessive focus on the Right regarding the
deficit and debt. They often portray balancing the budget as the panacea that
will lift our economy up and drive us to prosperity.
But when it comes time for Congress to cut the budget,
Democrats and Republicans have come together to cut the types of spending that
do not truly affect the deficit, and promote growth by investing in
infrastructure and human capital, but allow them to say “we slashed the deficit
by $X billion”
If we are going to actually balance the budget or at least
start to meaningfully shrink it, there has to be a cooler environment around
the debt politics. When any increase in revenues is off the table and the
introduction of cost-saving mechanisms in Medicare near-impossible for
political reasons, rhetoric regarding the need to balance the budget will
continue to result in cuts to the types of programs that we actually need
rather than addressing the factors driving the deficit.
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