Douglas Holtz-Eakin: Balancing the Budget Is Just a Sales Gimmick to Gut the Federal Government. And We Republicans Think It Will Work! [UPDATED]
But several right-leaning fiscal experts described a balanced budget as a tool to force a fractious Congress to tackle the nation’s long-term budget problems. “It is important to reduce the debt, and balancing gets you there faster,” said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and a prominent Republican economist. “That’s paramount.” […]