Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, a non-profit organization committed to analyzing and influencing fiscal policy, says the next five months are critical for budget reform.
In an interview at the Milken Institute's 2013 Global Conference, MacGuineas argues that Washington needs to replace the sequester with a bigger debt deal – one that tackles the “real problem areas of the budget” such as health care, aging and an outdated tax code. The budgets for defense and domestic spending were cut by roughly 8% in early March because of the sequestration.
MacGuineas, a longtime deficit hawk who has excoriated both Democrats and Republicans for not coming up with viable deficit-reduction solutions, says Congress and the White House cannot squander another opportunity to solve the nation’s underlying budget issues.
“The real risk is [budget reform] won’t happen and it would be aRead More »from Next 5 Months Are Critical For Budget Reform: Maya MacGuineas