(Center for American Progress) — Phew. Glad we’re past the election. Now it’s time to stop all the political maneuvering and take the necessary steps to boost our economy. Here’s the simple list, all of which have bipartisan support: reduce the deficit, increase the deficit, boost spending, cut spending, raise taxes, lower taxes, increase public investments, disinvest. You think that’s a crazy list? We’ll take them one by one.
Reduce the deficit. Most members of both parties agree that we need to address the large federal budget deficits that are projected for coming years. If we don’t eventually reduce the deficit then interest rates will rise and investment will be misdirected away from the private sector.