Yes, Alan Blinder is one of those people I consider wise. He says (see here):
"So here, in brief, is my three-step rehab program for our nation's
fiscal policy. First, enact a modest stimulus, sharply targeted on job
creation—and avoid falling off the fiscal cliff. Second, once the
economy is ready, start on something that resembles the 10-year
Simpson-Bowles deficit-reduction plan—which would pay for the stimulus
15-20 times over. Third, figure out how to bend the health-care cost
curve downward."
(from Wall Street Journal, May 21, 2012)
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