The government shutdown was averted in a last-minute deal, but the details remain to be worked out, and now a contentious vote to raise the nation’s debt limit looms. Meanwhile, President Obama is expected to deliver his broad plan on raising revenue and reforming entitlements in the same week that Rep. Paul Ryan’s FY 2012 budget blueprint is expected to pass the House. What’s the political fallout from the budget battles? Can either party claim the edge, or does everybody lose?
On April 13, William Galston answered questions in a live chat on budget and debt politics, moderated by Seung Min Kim of POLITICO.
“The 21st century has revalued these small geographies. That’s what the 21st century demands,” Katz said, noting that these days, “[w]e aren’t innovating in isolated business parks” in the suburbs.