Rather than focus on budget projections that will almost certainly be proven wrong, Jim Manzi recommends a more durable strategy, focused on creating structures that will build in a bias towards deficit reduction while encouraging growth. Read the entire post if you haven’t already.

One of my concerns is that the window for preventive fiscal consolidation is limited. If the recovery picks up even a modest head of steam, the political incentives to ratchet up spending will prove very strong. That is why it is so important to focus on structural questions while we can. Recently, the White House has proposed reforms that will help make the Pension Benefit Guaranty Corporation more sustainable. As Charles Blahous explains, this is something that President Obama has gotten right, and he deserves support from conservatives on the Hill.