Tag Archive for Ron Baiman

CPEG’s Ron Baiman on the Impending “Fiscal Cliff”: Washington has it Backwards.

The so-called “Fiscal Cliff” is Mostly Good, the Bad Part about it is that it would Reduce the Fiscal Deficit!

Why is it that just after an election where reducing the job deficit was universally acknowledged to be our absolute first priority, mainstream Washington has immediately pivoted to making reduction of the federal fiscal deficit its number one concern?

OK, this is (in part) a rhetorical question. We all know that the impeding “fiscal cliff” is driving this immediate concern, though the “fiscal cliff” itself is in large part a direct product of the misguided fiscal “deficit hysteria” that has gripped Washington.1 The question now is what to do about it.

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