Fiscal Folly
Robert Kuttner
Co-Founder and Co-Editor of The American Prospect

The Peter G. Peterson Foundation is sponsoring a “fiscal summit” on April 28 to reinforce what has become the standard narrative about the perils of the deficit and the debt. In this storyline, the most dire peril facing the economy is the increasing public debt. Of course, the more immediate problem is the high unemployment rate, the risk of a largely jobless recovery, and a lost generation of prosperity.


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