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Uncommon Common Sense About the Economy

By Robert L. Borosage  Posted by Debbie Scally (about the submitter)     Permalink
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6. Common sense shouldn't be so uncommon

None of this is radical. Even the market fundamentalists at the International Monetary Fund are warning the US against a premature turn to deficit reduction. Any honest investor would agree this is a great opportunity to rebuild America. No one with any familiarity with the federal budget would disagree that it is health care costs that drive long-term deficits and terrifying debt projections.

And America's watchword is optimism, a belief that we can forge our own future. Have we become so timid or confused that we will now lower our sights, concentrate on balancing our books, and forgo making the reforms vital to creating an economy the works? I don't think so. It is a measure of how distorted our political debate has become that common sense is so rare. But what's the alternative? "Hell no, you can't," taunted Republican House Minority Leader John Boehner in the health care debate." Good theater -- but it won't take us where we need to go.

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