Erskine Bowles: “The budget goes nowhere near where they will have to go to resolve our fiscal nightmare.”

It is an enormous fiscal cancer, and going forward it will only get worse.

[W]e must invest in education, infrastructure, and high-value research and development to help our economy grow, keep us globally competitive, and make it easier for businesses to create jobs.

It is just spending by another name.

As a matter of good social policy, these programs deserve to be reformed.