Sunday, January 06, 2013

Obama to Bowles-Simpson: drop dead - Debt commission chairs Erskine Bowles and Alan Simpson will be on "Meet the Press" this morning.  As Professor Mankiw notes, the fiscal cliff agreement is almost the exact opposite of their recommendations: "After all the public discussion over the past couple years of what a good fiscal reform would look like, it is hard to imagine a deal that would be less responsive to the ideas of bipartisan policy wonks."

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