Stick to basic economics to reach agreement

The Tennessean
Aug 15, 2011

If Washington truly wants to find a compromise on the debt and deficit, policymakers must agree on two simple principles: The government cannot spend more money than it brings in, and it cannot spend money it does not already have, writes Larry Van Horn, associate professor of health-care management and executive director of health affairs for the Owen Graduate School of Management and director of the Office of Sustainable Health Care Finance for the School of Medicine.