Key fiscal questions nominees must answer

By David M. Walker – We can only hope the final presidential debate Monday provides less heat and more light than the previous two. Especially with regard to fiscal matters, the debates have so far not provided the substance and solutions that voters need and deserve to hear.

Neither candidate, for example, has defined a clear goal for their overall fiscal policy. What do they plan to do and when? Will they reduce the budget deficit by a stated percentage, or reduce debt as a percentage of the economy? If so, to what level and by what year? A clearly defined goal can provide a mandate for action.

Extraordinary presidential leadership and bipartisan cooperation will be required if we expect to avoid a U.S. debt crisis. more>

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