Opinion Columns & Blogs

June 26, 2013

Neera Tanden and Michael Linden: Focus on growth, not deficits

Washington, D.C., has spent the past three years obsessing about debt. While there were good reasons to worry about deficits and debt three years ago, many of those reasons have dissipated. Three years ago, the Congressional Budget Office projected that deficits would exceed 8 percent of gross domestic product by 2023. Today, deficits are projected to be 3.5 percent of GDP in 2023 without the automatic “sequester” spending cuts; with them, deficits will be even lower.

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