Politic365’s Charles D. Ellison talks with Marc Goldwein, Policy Director of the Committee for a Responsible Federal Budget at the New America Foundation. He is also a former Associate Director of what is known as the Bowles/Simpson Deficit Committee – or the National Commission on Fiscal Responsibility and Reform which issued its final recommendations in December 2010.
“There’s a fight for both deficit reduction and stimulus at the same time,” notes Goldwein, who points to the challenge of attempting both in the current political climate. But, Goldwein is hopeful of a compromise explaining that in the last fiscal commission, “we were able to get 11 out of 18” in favor of the recommendations.
The solution? “We need to have a long term deficit reduction plan that provides certainty. We need to have pro-growth tax reform. And we need to give ourselves the fiscal space to promote growth.”
Still, Goldwein is cautious due to the composition of the new Congressional committee. “The unfortunate thing about this committee is that there are 4 former members from the Bowles/Simpson commission – and they all voted no.”