02/17/2010 - This morning I took part in a forum on budget reform organised by the Peterson-Pew Commission. Background reading for the event was the Commission's excellent report, Red Ink Rising, which I wrote about in December in National Journal. (List of speakers at the event. C-Span video.)
Everybody agreed that US fiscal policy is unsustainable. The question is whether the government will bring long-term deficits back under control before another crisis intervenes, and forces it to. In other words, is the country scared enough yet? Despite all the talk about deficits, not to mention Peterson-Pew's efforts to raise awareness, I said the answer is no.
Read the full article Budget Reform from Clive Crook's blog on the Atlantic Web site.