America’s deficits: The problem is more than fiscal

In a recent opinion piece in the Washington Post, Advisory Council member Lawrence Summers writes that reducing the federal budget deficit should be prioritized but it should not “take over economic policy.” Summers writes that focusing on the debt could cause lawmakers to pursue policy measures that only provide cosmetic improvements in deficit reduction and while ignoring investments in areas such as preventative medicine that could have high returns in the long run. Read the full piece here.