Opinion Columns & Blogs

November 18, 2012

Caroline Baum: U.S. a debt-a-holic

Earlier this year, a group of longtime deficit hawks came together to try to accomplish what has eluded their predecessors for so long. Unveiled at the National Press Club in Washington, D.C., on July 17, the group had a new name (the Campaign to Fix the Debt), some old faces (Erskine Bowles, Alan Simpson, Pete Peterson, Alice Rivlin), and all of the familiar platitudes associated with previous efforts to put the federal budget on a sustainable path: a “nonpartisan coalition” working to replace “temporary patches” with a “comprehensive solution” that will “grow the economy” and “protect the most vulnerable.”

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