Not Yet Time to Worry About the Long-Term Fiscal Outlook
It is still, IMHO, two years to early to start worrying about the long-term sustainability of the U.S. budget: worrying about long-term sustainability now and for the next two years paralyzes needed action without paying any dividends.
But--two years from now or so, I hope--the time will come to shift gears and start worrying. And when that time comes...
