The Budget Challenge, In 500 Words or Less
by Francie Grace
One of the first, widespread reactions to the budget President Obama proposed this week was this: it's avoiding the real issue. That's because the president didn't propose solutions to the basic problems driving our fiscal problems, namely, the health care costs and aging population that will drive up spending on Medicare and Social Security.
But, the president's advisers were also fairly open about why they did this, which is that they don't think Washington is ready to tackle those problems. Better to propose spending cuts and tax increases in other areas, and see if that provides openings for the two parties to move forward. The president did suggest a bipartisan effort to work on Social Security, and set out his views on what would be acceptable.
Polls show that many Americans are fundamentally uninformed or conflicted about key aspects of the budget problem, which makes this a daunting problem for elected officials on both sides of the aisle. But if the country isn't ready to think about these problems, it needs to get ready, because the problem is closer than most people think. In as little as 10 years, our national debt could be as big as our entire economy. Sooner than that, government auditors say, more than 90 cents of every tax dollar will be taken up on Medicare, Medicaid, Social Security and interest on the national debt. Allowing this problem to play out won't help our fiscal situation, or our economy.
Getting our deficit and national debt under control requires setting priorities and making tradeoffs, and it takes time for the public to grapple with those questions. The knowledge needed isn't that complicated – in fact Public Agenda authors Jean Johnson and Scott Bittle managed to "Tackle the National Debt in 500 Words or Less." The Our Fiscal Future initiative, in which Public Agenda is a partner, also sums up choices and challenges quickly.
The public can make choices on this problem, if our leaders will let them, and if they can tame their tendency to try to spin the facts to suit their own political aims. We will all have to live with the consequences of what the country does or doesn't do as we grapple with the budget and the debt. As political leaders in Washington edge toward decisions, we'd urge them to remember that the public has a role to play here, and the American people have the right to understand this debate and take part in it.