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According to former U.S. Comptroller General David Walker, the budget showdown and looming federal government shutdown is an irrational fight over a relatively insignificant issue. “It’s like politicians in Washington are arguing over the bar tab on the Titanic while we’re heading toward the iceberg ready to sink the entire ship.”
WASHINGTON-- Sen. Jim Bunning’s (R-Ky.) recent one-man stand against legislation extending unemployment benefits offered a high-profile airing of a popular GOP message: Deficit spending, in almost any form, will cause more harm than good to a fragile economy. Standing in the way of the Republicans’ reasoning, however, has been another formidable group: budget experts.