Whatever late compromise is finally agreed upon in the U.S. debt ceiling debate, the most difficult hurdles for any deficit-reduction effort lie ahead. Nearly all the plans under consideration rely on hundreds of billions of dollars of vague discretionary spending cuts over the coming decade — with some combination of triggers, targets, caps, and oversight commissions to ensure that real cuts are actually made.
What the U.S. Government Can Learn from Business
Whatever late compromise is finally agreed upon in the U.S. debt ceiling debate, the most difficult hurdles for any deficit-reduction effort lie ahead. Nearly all the plans under consideration rely on hundreds of billions of dollars of vague discretionary spending cuts over the coming decade — with some combination of triggers, targets, caps, and oversight […]
July 29, 2011