If lawmakers decided they were actually in no shape to drive and handed the car keys to Bill McBride, the respected economics blogger, here’s what he says he — and many other analysts and economists — would do.
- Eliminate the “superfluous” debt ceiling. Congress has already approved the expenditures that require us to borrow.
- Pass a continuing resolution to head off the impacts of the sequester.
- Do something about health care. Not a problem yet — as the economy improves, the deficit will not be a problem in the short term — but adjustments to spending and revenue will be needed to make it through the long term.