Center-left Washington is arguing with ever-greater ferocity that center-right Washington is mistakenly obsessed with deficit reduction. Part of the argument is familiar: 1. Low Treasury interest rates show markets unconcerned about the $16 trillion national debt. 2. As the economy continues to heal, annual deficits will shrink substantially.
THIS week's print edition features an analysis of a survey we conducted of top American economists in advance of the presidential election. A few days ago, we shared some representative comments from survey participants on two subjects: the weakness of the recovery and the 2009 fiscal stimulus.
By Suzy Khimm
Hi, everyone. I’m Suzy Khimm, and I write about national politics for the Washington bureau of Mother Jones. I was previously at The New Republic, where I helped cover the health-reform debate, and I'm also on Twitter. While Ezra’s on vacation, I’ll be focusing on what health reform means moving forward, both in terms of politics and policy in light of the battles already underway.
Econ4, which is a group of heterodox economists, has produced a series of videos for laypeople on major political/economic policy issues. Their latest release is on healthcare, or more accurately, our broken healthcare system.
From their statement: