He is opening the debate on entitlements. I think he wants to break the taboo on Medicare.
"Phillip Lee "Phill" Swagel" (born 1965/1966) is an American economist and former official in the United States government. As Assistant Secretary of the Treasury for Economic Policy from 2006 to 2009, he played an important role in the Troubled Asset Relief Program that was part of the U.S. government's response to the financial crisis of 2007–08. He is currently a Professor in International Economics at the University of Maryland University of Maryland School of Public Policy/School of Public Policy, a non-resident scholar at the American Enterprise Institute, and a senior fellow at the Milken Institute.
Educated at Princeton University and Harvard University, Swagel has taught economics at Northwestern University, the University of Chicago Booth School of Business, and Georgetown University's McDonough School of Business, in addition to Maryland. He has also worked at the Federal Reserve, the International Monetary Fund, and the White House Council of Economic Advisors.
More Phillip Swagel on Wikipedia.I think the focus on the currency and some aspects of the economy is really a waste of time, at best, and at worst, a distraction from important issues, like Korea, Iran.
The U.S. would never do that.
It's going to be an uphill battle. In an election year, it would be enormously hard to get more than token cuts.
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