May 25, 2005
Not a Good Paragraph
CEA Chair Harvey Rosen writes:
WSJ.com - Data Bait: Tax policy represents an opportunity to strengthen our economy. The president is committed to keeping taxes low by making his tax relief permanent. And he has called on Congress to join him in reforming the tax code to make it simpler, fairer, and more pro-growth. Fiscal policy is another opportunity. By controlling spending and keeping taxes low, we can improve growth and fiscal health. Congress has adopted two consecutive budgets that increase discretionary spending at or below inflation. And for the first time since 1997, the budget includes savings for entitlement spending as well. Policy makers now need to follow through on these initial steps and take the much bigger step of permanently fixing Social Security's funding imbalance...
If a CEA Chair dares not write the phrase "budget deficit," he is useless.
Posted by DeLong at May 25, 2005 01:10 PM