December 6

Power and Influence

Thursday’s Big Idea

Today's Big Idea: Smart Government

Our government is not programmed to think long-term. It is programmed to think in 2-year cycles. Can it be reprogrammed? 

If we want to take a responsible approach to the big debt gap, Big Think's chief economist Daniel Altman argues, our leaders in Washington do need to change their way of thinking. Altman says while it would be irresponsible for Congress to kick the can down to the road, we also have time for a careful assessment of tax and spending policy with an eye to the longterm. 

After all, Altman argues, as long as interest rates remain low, there is no compelling reason to introduce a series of shocks to the economy in the form of steep tax increases and budget cuts. In other words, smart government ought to take a deep breath and come up with a solution for the long haul. 

  1. 1 Don't Fear the Debt...Just Yet.
  2. 2 Will We Fly Off the Cliff on Janu...
  3. 3 The Future of Debt, Interest Rate...
  4. 4 Howard Dean: Let's Drive Over the...
   
  1. Don't Fear the Debt...Just Yet.

    Don't Fear the Debt...Just Yet.

    As we think about how we're going to eventually close a big debt gap, Daniel Altman says we need to think beyond two-year election cycles.

    Read More…
  2. Will We Fly Off the Cliff on January 1?

    Will We Fly Off the Cliff on January 1?

    Our leaders in Washington are playing an irresponsible game of chicken with the American economy.

    Read More…
  3. The Future of Debt, Interest Rates, and Taxes

    The Future of Debt, Interest Rates, and Taxes

    The Columbia Business School dean to President Obama: "Focus on getting that long-term deficit down."

    Read More…
  4. Howard Dean: Let's Drive Over the Fiscal Cliff.

    Howard Dean: Let's Drive Over the Fiscal Cliff.

    Howard Dean: Any politician who tells the American people there aren't going to be any sacrifices for everybody is a liar and I do not want the sacrifices to be on the backs of the middle class.

    Read More…