I spotted this USA Today op-ed "On U.S. debt, it's all quiet on presidential campaign trail". It breaks almost no new policy ground whatsoever and mostly calls for somebody to do the unpleasant thing -- face the issue head-on. But it's a start! Everyone is afraid to touch this issue in spite of how critical it is.
My personal complaint about most economic politics is that every sector of society panics when their own costs rise and they get squeezed. First they deny it. Then they get mad at whoever "screwed" them. But instead of bargaining to fix the problem through economic means, those with political clout attempt to use government to preserve their "way of life". Everyone is guilty of this: government bureaucracy, regulated businesses, and labor unions.
Once enough political power blocs have fixed costs to protect, and the economy falls on hard times, the fight over the income pie turns into an arms race -- leading to strongarm legislation (minimum wage, BushCo deregulation) and inflation as more and more debt is used to stave off the inevitable.
After the bump... the comment I posted on USA Today's website.
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