May 1, 2013

Dangerous targets: Why setting a specific deficit reduction target would worsen the economic and fiscal situation | Economic Policy Institute

Dangerous targets: Why setting a specific deficit reduction target would worsen the economic and fiscal situation | Economic Policy Institute
"In the near term, we should at least stop harming the economic recovery through fiscal contraction; more concretely, the sequester should be repealed, even if no offsets can be found. In the long term we should preserve public investment and concentrate efforts on the real driver of deficits: too-fast growth of per capita health costs driven by our private health care system."