Will the Return of the Gang of Six End the Debt Ceiling Showdown?
The editors at MoneyWatch asked for a comment on the "Gang of Six" deficit reduction proposal:
Will the Return of the Gang of Six End the Debt Ceiling Showdown?: As I explain, I don't think so, but the Gang of Six proposal may help to guide the actual agreement, and the size of the immediate cuts in the proposal ($500 billion) is worrisome given the state of the economy.
Posted by Mark Thoma on Wednesday, July 20, 2011 at 12:30 AM in Budget Deficit, Environment, Fiscal Policy, MoneyWatch, Politics |
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