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Yet growth has broadly disappeared from the fiscal discussion that continues to occupy Congress and the White House, a discussion that has focused obsessively on deficits and debts, spending and taxes and fairness.
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We might as well start adjusting our expectations to the likelihood that this year's fiscal discussions will result in more taxes and more borrowing (with or without a permanent abolition of the debt ceiling) but few if any net spending cuts.
For instance, as part of renewed fiscal discussions over sequestration, Republicans should put fundamental tax reform on the table and make it our priority to end preferential treatment of investment income, which lets managers of hedge funds pay half the tax rate of managers of shoe stores.
He continued that such a measure should not be part of the current fiscal cliff discussion.
Precisely no one who figures prominently in the "fiscal cliff" discussion is talking about alleviating the middle class by reversing the long-term trend of economic disparity or wage decline.
It would be optimal for Social Security to not come up at all in the fiscal cliff discussion because Social Security is not a driver of long term debt and can be solved by simply removing the income caps on contributions.
Corker has a complicated metaphor based on "yin and yang," so you can perhaps expect the Fiscal Cliff discussion to be a series of zen koans about the uselessness of Congress.
This singular reality of American politics has overhung the fiscal cliff discussions since election day 2012.
"Throughout the fiscal cliff discussions, the president and the Democrats who control Washington repeatedly refused to take any meaningful steps to make Washington live within its means.
Most of the fiscal-cliff discussion has focused on higher income tax rates from the expiration of the Bush-era tax cuts and automatic across-the-board spending cuts.
This is nothing but a cheap political sideshow meant to distract us from the fiscal cliff discussions and to tarnish the White House.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com