We have to fix the basics, now nobody wants to hear that because fixing with the basics mean that I don’t have the solutions for next 2 years witch looks terrific
If we just go the politician’s road, a wire of one gimmick after one another, years add up and you look back what you have accomplished, just a lot of new debts and a lot of gimmicks with no solution.
So we better take a longer-term view of this issue even though we don’t want to. We want to find a quick fix but it doesn’t exist.
– Jeffrey Sachs on fixing US structural problems –