April 27, 2017

Congress Debates The Deficit; Walden And Wyden Say They Have Fought To Curb Spending

June 20, 2010
The Bulletin


Where there’s disagreement is on the impact that federal spending right now makes on our long-term financial health. Getting worked up about things like stimulus spending and aid to states distracts from the real problems, said Josh Gordon, policy director at the nonpartisan Concord Coalition, which also calls for sustainable budgeting.

“In the short term, we are going to be faced with a higher deficit and that’s OK because that’s what happens in recessions,” Gordon said. “Cutting discretionary spending in the short term does very little to help the long-term fiscal challenge, and it doesn’t help the economy. The worst thing is it really polarizes partisanship and confuses the American public (about) what the battleground is.”