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The Year the Grand Bargain Died

Mark Schmitt, The New Republic

 

s Congress passes a modest two-year budget deal, it seems that our long national obsession with reducing the projected long-term federal deficit, and the quest for a grand bargain on taxes and health and retirement spending, has come to an inconsequential end, or at least a very long pause. Budget expert Stan Collender predicts that, like a rare comet, the grand bargain will not reappear until 2019.

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