CSPAN Politics Public Policy Today January 15, 2013
Relatively fragile recovery and we want to avoid taking fiscal action that will push the economy back into recession. That was one of the risks that the fiscal cliff posed. The challenge is to achieve long run sustainability without unduly hampering the recovery which we have. The deal that was struck together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. Sustainability still abil over the decade we have seen improvement in the debt to gdp ratio. Theres more work to be done, but some progress there. And in the short run, the fiscal c...