Give Now

Delays, Closings and Severe Weather - View All Alerts and Updates

Fiscal Expert Says Debt Deal Good For Hoosiers

An Indiana fiscal analyst says Hoosiers can feel a sense of relief as Congress nears a deal on raising the debt ceiling.

Indiana Fiscal Policy Institute President John Ketzenberger says there was some danger that programs administered by the state, but paid for mostly by the federal government – like Medicaid – would be hurt by the government failing to raise the debt ceiling. With a deal now in the works, Ketzenberger says fears about those benefits can be laid to rest.

“People who receive them won’t have to worry about getting them,” he said, “and the state won’t have to worry about trying to make up the difference had the federal government defaulted, so certainty is what people get with the deal.”

But Ketzenberger says the deal is only a short-term solution:

“I think Congress has to take the time that it bought today, or is buying today,” he said, “to try to craft a real long-term solution to the deficit.”

Ketzenberger says that has to include finding new revenue sources, which could include closing tax loopholes.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From