David Walker: Presidential Candidates’ Budget Plans Not Feasible
In an op-ed in Roll Call, David Walker lamented the lack of a "feasible" debt plan among the Presidential candidates, including President Obama. While fiscal policy has been a focus during the 2012 presidential campaign, the plans put forward concern Walker on questions of specificity, sufficiency, and political practicality. In order for a plan to be feasible, according to Walker, it must make economic sense, be socially equitable, be culturally acceptable, pass a basic math test, be politically feasible, and achieve meaningful bipartisan support.
By these criteria, Walkers judges all of these plans as failing. Furthermore, citing our analysis, Walker says neither President Obama nor the GOP candidates would get our debt burden down to an acceptable level. As a result, he says that "all the candidates need to go back to the drawing board" in order to craft a politically and economically feasible plan to get the debt under control.
Read the full op-ed here.
"My Views" are works published by members of the Committee for a Responsible Federal Budget, but they do not necessarily reflect the views of all members of the committee.