That shift in the Washington fiscal dynamic since Mr. Obama's re-election also explains the rapidity with which the Republican leaders have agreed that higher revenues will be part of the deficit-reduction solution — if not through higher rates.
Whatever the outcome on deficit reduction, the solution must not wreck the Republic's future.
Liasson and Kristol believe that long-term deficit reduction plans are the solution for everything.
With something of a literary flourish, Mitt Romney expressed pointed doubts on Friday about the ability of the members of a Congressional panel on deficit reduction to reach an acceptable solution, predicting that any recommendations could be a "Faustian bargain" that would cut money from the military budget.
MANCHESTER, N.H. — With a literary flourish, Mitt Romney expressed pointed doubts on Friday about the ability of the deficit reduction committee to reach an acceptable solution, saying that failure to do so would lead to a "Faustian bargain" that would cut the military budget.
As President Obama and the U.S. Congress wrestle with deficit reduction and seek a long-term solution for robust economic growth, I encourage them not to overlook the positive economic impact of a quality and equitable education for all students.
There are many potential flash points, including: health care;… the nation's fiscal crisis and solutions for reaching a comprehensive deficit reduction deal.
Macron's deficit reduction and structural reforms are part of the problem, not the solution.
Senator Kent Conrad, Democrat of North Dakota, who is chairman of the Senate Budget Committee, said: "The solution must include a comprehensive and balanced long-term deficit reduction plan.
And over time, Democratic leaders haven't just embraced deficit reduction as a goal, they have explicitly bought into government austerity as the primary solution.
Mr. Blinder says: "America's budget mess is starting to look Kafkaesque because the outline of a solution is so clear: We need modest fiscal stimulus today coupled with massive deficit reduction for the future.
