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Andrew Samwick, the Sandra L. and Arthur L. Irving ’72, P ’10 Professor of Economics and Director of the Nelson A. Rockefeller Center, has published an article in the New York Daily News entitled, "The Fiscal Grand Canyon". In this article, Samwick says that although our government has managed to avert the 2012 fiscal cliff, a larger, more severe crisis looms in the near future.
"These are the facts about the budget. Everyone knows them. Yet the two parties have continued to pursue their dangerously parallel approaches to the debt: Democrats pretending that minimal tax increases that spare the middle class can save us, Republicans generally pretending that spending cuts that exempt defense and tip-toe around Medicare and Social Security are sufficient."
You can find Samwick's NY Daily News piece here.
MSNBC's Morning Joe has also featured this op-ed as a "must-read".