An Adult Conversation

Alan Simpson and Erskine Bowles, co-chairs of President Obama's deficit commission, hope their final report will start an 'adult conversation' about the national debt. But members of Congress might have too much to lose politically to back the report.

The final report from the debt commission is out. (Previous posts on the debt commission here, here, and here.)

Marks of maturity (requirements for an “adult conversation”) include the ability to defer short-term gratification in exchange for greater rewards in the long-term; and the related ability to make sacrifices and give of oneself, for the benefit of others. (Healthy parenting would be a prime example of this kind of sacrifice, where we give up certain things for ourselves in order to meet the needs of our children.)

I don’t think our political life can support or sustain the “adult conversation” that Simpson and Bowles are hoping for.

If that’s true, and if projections of fiscal ruin are true, then to avert disaster, leadership on this question (and by “leadership” in this context I mean both the ability to support and sustain an “adult conversation,” and the will to take appropriate action) will need to come from somewhere other than the political arena.

via Why Obama’s latest bid to control national debt might not change anything – CSMonitor.com.

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