June 24, 2017

U.S. Hill Dems Try To Recast Fiscal Vote by Warning of Austerity

June 5, 2013
Market News International


Bob Bixby, the executive director of the Concord Coalition, agrees with Frenzel that both parties are now trying to prepare the ground for the fall fiscal debate.

"I think there is a genuine debate about how much deficit reduction we need and how it should be phased-in. Looked at from the perspective of the overall $3 plus trillion federal budget, it would be hard to define it as austere. But you could look at portions of the budget - the domestic discretionary portion - and argue with some justification that cuts so far have been severe," Bixby said.