Small debt scheme as elusive as a grand one
The Washington Post
July 24, 2011
If the House and Senate proceed as planned with competing proposals, neither would have a sure shot at passage in the originating chamber — and they would face a more serious chance of failure in the opposite.
“There’s a certain insanity in this,” said Steve Bell, a former Senate Republican aide who is now senior director of the Bipartisan Policy Center’s economic policy project. “It seems like we’re now into musical chairs, of who’s going to be the last one without a chair at the end and get the blame. And when you’re into the machinations of who gets blamed, there’s an assumption that something blameworthy is going to occur.”
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Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
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