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Unified fiscal approach tackles national issues, David Schweikert notes

Unified fiscal approach tackles national issues, David Schweikert notes
Unified fiscal framework for national challenges

David Schweikert proposes that the most pressing problems faced by the country and their optimal solutions can be understood through a single approach he refers to as a Unified Theory for Fiscal Solvency.

According to Schweikert, the Committee's staff economists have worked with him to develop a framework that defines what policymakers must address and assesses how the current situation developed.

Schweikert previously warned that Washington borrows new money to pay interest on existing debt, raising questions about U.S. fiscal sustainability in a recent statement. Separately, an industry observer noted that Greece is now able to issue 10-year bonds at lower costs than the U.S., highlighting differences in borrowing conditions as discussed here. These developments form the backdrop for Schweikert’s call for a unified fiscal framework.

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