In a piece published this Sunday, Edmund L. Andrews and Eric Pianin serve up a profile in Fiscal Times of an odd couple who will be crucial to the effort to restore fiscal sanity to the country.
On one side is Andy Stern, labor firebrand and former head of the Service Employees International Union, the nation’s fastest-growing union. On the other is David Cote, chairman and CEO of Honeywell, a global technology firm. Both are members of President Obama’s deficit commission tasked with issuing recommendations to address the nation’s fiscal crisis. Both consider themselves pragmatists who believe they can bridge the partisan gap and help engineer lasting solutions to our budget problems.
But even the appearance of comity can’t hide the basic ideological differences between the two sides:
Cote emphasizes that economic growth is the key to fiscal stability, and Stern politely contends that it’s unrealistic to bank on economic growth alone as the solution. “There are some people who say, ‘Let’s grow our way out of it,’ ” Stern said. “Okay. Tell me how much growth we’re going to need? Has it ever happened before?”
The subtext of their exchange is clearly about the broader clash. Republicans warn that higher taxes will imperil economic growth and focus on the need for spending cuts. Democrats argue that some of the biggest GOP targets — safety-net programs — need to be protected and that deficits are too big to be closed without at least some tax increases.
That elemental difference looms in the background of any feel-good story of bipartisan agreement on fiscal reform. It would be tragic if the commission’s work and the administration’s efforts to forge a consensus on budget reform crash on the shoals of ideology. Everyone can agree that the country is on an unsustainable path. What everyone should also be able to agree on is the need for reform on both sides of the ledger. New streams of revenue need to be found. Entitlement reforms need to be made. And yet denial prevails over too many folks on both sides of the ideological divide.
Stern has a good record of reaching out to unlikely allies — see his work with Wal-Mart and the Business Roundtable on passing health care reform. But even his efforts might fail in the face of calcified dogmas and a lack of urgency among political and policy elites. How the commission’s efforts play out — it’s aiming to release its findings in December — will be one of the most compelling policy dramas in the coming months. Stay tuned.
Photo credit: Center for American Progress Action Fund
