There's more to public policy than fiscal roadmaps, and it should be possible to correct America's fiscal course while also displaying policy imagination on questions like work-life balance, health care access and affordability, the cost of college, social mobility, and so forth.
The only way to realistically fix this problem is to appoint a binding commission, already supported by Republicans and Democrats, which would create a roadmap toward fiscal responsibility and then allow the Congress to vote on it, up or down.
If the opposition wasn't inclined to accept the government's roadmap for fiscal sustainability, it would have to develop its own and in the process knit together its own story about what governments can and should do for the citizenry.
He says he intends to proceed with all of the commitments in the Coalition's May budget because it was a "carefully considered roadmap" for prudent fiscal management that would deliver Australia's future economy security, if Labor supported it.
"But it is obvious to me that the clearer the roadmap to greater fiscal rigour and integration is, the more permissive the environment would be for the monetary authorities to play an activist role.
To read: In New York, Jonathan Chait opines on the state of the Republican Party: "America is approaching a 'tipping point' beyond which the Nation will be unable to change course," announces the dark, old-timey preamble to Paul Ryan's "The Roadmap Plan," a statement of fiscal principles that shaped the budget outline approved last spring by 98 percent of the House Republican caucus.
A credible roadmap toward a banking union and fiscal integration will enhance necessary crisis actions.
Reich presented a compelling roadmap for what needs to be done to get our fiscal house in order, by overhauling our tax codes so that we are asking the richest at the top to pay their fair share and stopping the inequity of shifting higher taxes to a middle class that is already rapidly disappearing.
These include an infrastructure bank, a new clean energy roadmap, pro-growth regulatory and tax reform (including corporate taxes), and a credible plan to restore fiscal stability once the economy regains strength.
