The 'steamroller' effect of housing policy 

Flickr photo courtesy of michaelroper.

The formation and execution of economic policy this week entered a new level of chaos, complete with good news, bad news and silly news.

The best news: Two different federal-deficit study groups came up with the same basic solutions: Cap spending and revenue at a sensible level of gross domestic product, broaden the tax base by cutting special exceptions, and cut tax rates.

Spending, in Alan Simpson's words: "Harpoon every whale in the ocean." The people are way ahead of political leadership, with the average American eager to implement any deal like these two.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.