James Galbraith has a great quote on the limited debate going on in Washington about the need for a deficit commission:

“The frame of the debate is between those who think the witches have taken over the entire community and the whole lot of them should be burned and those who think there are only a few witches and burning just a few of them would be enough to appease the demons,” said James Galbraith, the Lloyd M. Bentsen Jr. Chair in Government at the University of Texas. “There are a few of us operating safely removed from the bonfires who maintain there is no such thing as witchcraft.”

There are lots of opinions out there, but to my knowledge the deficit commission doesn’t include anyone in Galbraith’s position of saying there is no crisis and thus no need for a response.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s