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Simon Johnson says the debate on the debt limit overlooks the need to address long-term healthcare and pension costs and to raise revenue, perhaps through a value-added tax (VAT).
William R. Cline (PIIE)
Olivier Blanchard (PIIE), Guido Lorenzoni (Northwestern University) and Jean Paul L'Huillier (Einaudi Institute for Economics and Finance)
Gary Clyde Hufbauer (PIIE) and Zhiyao (Lucy) Lu (PIIE)