Economic Program | Memo

The Four Fiscal Fantasies

by Jonathan Cowan and Jim Kessler

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Is it time to end the fiscal conversation? That’s the conclusion from some on the left who argue that our improving budget situation calls for a fresh round of spending and new and expanded entitlements.

In this memo, we identify the four fallacies at the heart of their argument and point out that there is no path to a public investment agenda that doesn’t include serious entitlement reform.

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