Lower Deficits Are Key to Affordability: MacGuineas

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, says bringing down deficits is the "single most important thing" policymakers can do to improve affordability in a lasting way, arguing that heavy federal borrowing is putting upward pressure on inflation and interest rates. She also says there is a "huge mismatch" between politicians' warnings about the fiscal outlook and their willingness to embrace the higher taxes and spending cuts she says are needed to address…