Two Conferences on Debt, One Proclaims Debt Good, the Other Declares Debt Bad

The New America Foundation

I should mention that the first conference – sponsored by the New America Foundation on Tuesday – discussed the merits of short-term deficit spending in the midst of a recession, while the second academic panel – held yesterday and sponsored by the Peterson-Pew Commission on Budget Reform – discussed the mountainous mid- to long-term debt anticipated with the looming entitlement crisis. The distinction is important, yet often lost in discussions of deficits and debt.

Image by Flickr user New America Foundation used under a Creative Commons license.

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