On June 30, OMB Watch's Gary Therkildsen offered the organization's perspective on the long-term fiscal gap facing the nation to the National Commission on Fiscal Responsibility and Reform. In the two-page testimony, Therkildsen noted, "OMB Watch recognizes the dangers posed by the unsustainability of the long-term fiscal outlook. However, the current atmosphere of deficit scaremongering poses a different danger: poor fiscal policy that ultimately harms Americans and does nothing to change the trajectory of the long-term budget situation. 'Fiscal responsibility' is not simply setting arbitrary limits on federal spending for the sake of reducing the federal budget deficit. Rather, it is an assessment of the current economic and fiscal environments and a determination of an equitable deployment of national resources."
Read the full text of the testimony.
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