Yglesias comes out as another liberal finding reasons not to tackle the long-term debt now:
The budget deficit isn’t currently a problem, but it almost certainly will be in the future and that’s when congress will act to deal with it [...] It would be wise and just and moral for the 112th Congress to pass a judicious long-term debt reduction program, but it doesn’t seem even remotely realistic. Is there any precedent for a country doing deficit reduction pre-emptively in the way everyone seems to be suggesting we should?
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.