It is past time for a long term solution that stops America’s debt from growing as a percent of GDP. Both sides are offering options that do this, providing ample possibilities for rational people to reach a compromise. We will see if such people have been elected.
The foundation for a deal is there. Now both sides have to come together in the spirit of principled compromise to truly address the country’s long-term finances. For this budget conference, failure should not be an option.