By Martin Neil Baily, Bruce Katz and Darrell M. West – Priorities for action start with turning three deficits—budget, investment/savings and trade—into surpluses.
This will require action by the public sector—to provide tax credits for innovation and more forward-thinking trade policies, for example – and the private sector, including businesses, universities and private research firms that reward education and job skills.
- Put the Federal Budget on a sound footing
- Prioritize economic drivers
- Emphasize effective government