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Peterson Perspectives
Interviews on Current Issues

The Debt Limit Debate Is a Distraction

July 27, 2011

Simon Johnson says the debate on the debt limit overlooks the need to address long-term healthcare and pension costs and to raise revenue, perhaps through a value-added tax (VAT).





RELATED PUBLICATIONS

Congressional Testimony: Tax Reform and Consumption-based Tax Systems Congressional testimony submitted to the US House Ways and Means Committee hearing on "Tax Reform and Consumption-based Tax Systems"
July 26, 2011

Congressional Testimony: Spend Less, Owe Less, Grow the Economy [pdf] Testimony submitted to the Joint Economic Committee of Congress, hearing on "Spend Less, Owe Less, Grow the Economy"
June 21, 2011


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