5.8.13

ABOUT TIME.

General David Petraeus and Brookings senior fellow Michael O'Hanlon offer a Trenchant Observation for Our Time.
Washington should not exaggerate government's role in our economic future. Beyond the Beltway, the gradual recovery of the housing market, the reinvigoration of domestic energy production and U.S. manufacturing, exciting progress in new technologies such as cyber and 3-D printing, and the ongoing electronics revolution are beginning to bring our economy back — and our deficit down.

Washington does not need to be the only answer. It just needs to avoid being the main problem — and then live to fight another budget battle as the parties seek new mandates from the voters in 2014 and 2016. That is how it is supposed to work. That is why Congress and the president should seek a compromise deal now.
The gravamen of the article is that there's more room for compromise in today's political economy than there was ten, twenty, or thirty years ago.

The consummation devoutly to be wished, though, is the day one of the major Sunday shows changes its backdrop to something other than the Capitol, and opens with a development that involves Washington peripherally, if at all.

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