We cannot reasonably expect to grow our way out of our fiscal imbalances, but a more productive economy will ease the tradeoffs that we face. 2  BIS central bankers’ speeches  Making fiscal plans It is easy to call for sustainable fiscal policies but much harder to deliver them.
The issues are not simply technical; they are also closely tied to our values and priorities as a nation. It is little wonder that the debates have been so intense and progress so difficult to achieve. Recently, negotiations over our long-run fiscal policies have become tied to the issue of raising the statutory limit for federal debt.