Today, a group of progressive think tanks released their response to the deficit: Investing In America's Economy: A Budget Blueprint for Economic Recovery and Fiscal Responsibility. As Naomi indicates below, the report represents a collaborative effort by Demos, the Economic Policy Institute (EPI) and The Century Foundation (TCF). Here, I’m focusing on how we can rein in health care spending, but I urge you to read the entire report. It makes it clear that we don’t need the austerity budget that the conservative Peterson-Pew Commission proposes. Instead, we should be focusing on jobs and growth.
Commenting on “Investing in America’s Economy” over at Think Progress, Matt Yglesias highlights a major theme: “No Cost Shifting.” He quotes the report: “Policies that simply shift costs from the federal government to individuals and families may improve the government’s balance sheet but may worsen the condition of many Americans, leaving the overall economy no better off.”
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