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Andy G's avatar

“ Will lawmakers rise to the challenge—or will they let the debt crisis define our nation’s legacy?”

Very good piece.

Unfortunately, the most likely scenario is almost but not as bad as your downside framing choice.

The most likely scenario is that they will choose “‘muddle through”, addressing only what they need to when there is no choice, and we will survive but collectively be worse off for it.

A plan requiring masses of politicians to “rise to the challenge” is unlikely to succeed.

We need to somehow change their incentives.

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Jim Rubens's avatar

Great to see you and Dave Walker making the bell-clear case for Congressional action to put guardrails around debt accretion. Multi-pronged strategy is the only means to get there.

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