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But it also offers a chance to address our unsustainable and dangerous fiscal trajectory.
This is already the logic of our current fiscal trajectory: ever-larger government, and ever-slower growth.
"The most effective way to accomplish this goal is by establishing a sustainable fiscal trajectory, anchored by a clear commitment to substantially reduce federal deficits over time".
A small number of Republicans, notably Representative Paul Ryan of Wisconsin, have called for sharp reductions to Social Security and Medicare to change the nation's fiscal trajectory.
"The economy is still struggling; too many Americans are still out of work, and the nation's long-term fiscal trajectory is unsustainable, threatening future prosperity," the report said.
At least Mr. Obama seems determined to seek a grand compromise on cuts and revenues that would change the nation's fiscal trajectory.
Similar(32)
And this dip is more pragmatic than ideological, reflecting a growing cognizance of the infeasible fiscal trajectories of these programmes.
Lagarde said Spain and Italy had already taken "strong measures" and their fiscal and reform trajectories were "adequate in and of themselves".
Later, he told Senator Amy Klobuchar, Democrat of Minnesota, that "right now the markets are essentially signaling a lot of confidence that our political system will deliver a sustainable trajectory of fiscal policy" over the next few decades.
The trajectory of current fiscal policy will hurt the pocketbooks of this elite.
He added, "It just takes the poor trajectory our country's fiscal state is on and exacerbates it".
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CEO of Professional Science Editing for Scientists @ prosciediting.com