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"We have crossed into the new millennium with our fiscal house in order," Mr. Gaffney told the County Legislature.
Representative Jeff Flake, Republican of Arizona, said, "Until we have a plan to deal with our fiscal crisis, we should not raise the debt ceiling any further".
But the rest of us cannot feel much comfort knowing that, in the long run, when we are dead, our children and grandchildren will be dealing with our fiscal legacy.
"Speaker Miller and the City Council have been arguing all year long that we need to do more to grapple with our fiscal crisis," Forrest R. Taylor, Mr. Miller's chief of staff, said in a statement yesterday.
Let's get a budget that allows people to plan over the long term, that allows us to deal with our fiscal problems in a sensible, reasonable way, even on an issue like health care.
"Last year, I bumped into Tim Geithner, and he said, 'We're going to prove you wrong with our fiscal policy.' " At that moment, Ferguson was jostled by a woman who was pushing swiftly through the center, with an entourage of journalists and aides.
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"But the priority is out of line with what our fiscal needs are, and it's certainly out of line with what the American people would be expecting us to spend their money on".
So we'll listen to the lectures and travel with our usual fiscal prudence.
If it fails, the demagogues will have won, and we probably won't deal with our biggest fiscal problem until we're forced into action by a nasty debt crisis.
"The root of our state's inabilities to deal with our crushing fiscal problems and pressing policy issues is the power of the Legislature to draw safe district lines for incumbents," said Dick Dadey, the executive director of Citizens Union, one of the government watchdog groups involved in the effort.
While many investors are flocking to the dollar as a safe haven amid Greece's debt downgrades, they are overlooking the risks associated with our own fiscal imbalances.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com