Grim $40 trillion debt milestone raises questions about fiscal commission

CEI’s Ryan Young was cited by the Washington Examiner regarding tackling debt with bipartisan reform.

Ryan Young, an economist at the Competitive Enterprise Institute, highlighted the level of political polarization in Washington, which endangers bipartisan efforts to lower the debt and deficits.

“In private, I think just about every congressman understands the gravity of the situation: in public, none of them will act on it,” Young said. “The Republicans, because they don’t want to go against the administration, and the Democrats, because — at least right now — they don’t want to give anything that might look like a win to the Republicans.”

Read the full article at the Washington Examiner.