Congress is Regifting Fiscal Insanity
Unlikely as it may sound, the good news is that major structural reforms are not needed to break the cycle of trillion-dollar crisis-to-crisis governance. R Street Institute Senior Fellow James Wallner argues that “[l]awmakers have all the tools they need to enact responsible fiscal policy,” but it “will require lawmakers to debate fiscal policy and to make hard decisions about tradeoffs in the present.”
By dispensing with the stage management of lawmakers tabling tough discussions about spending in favor popular compromises like tax repeals and domestic spending surges, Wallner asserts that what results “will strengthen American representative democracy and help to reduce legislative dysfunction by merely trying to prevail in policy debates in the House and Senate.”
