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The Editors

How Washington’s Dysfunction Harms Economic Growth

U.S. President Barack Obama and Republican nominee Mitt Romney traded barbs in last week’s presidential debate over the costs of both Romney’s tax plan and Obama’s Medicare changes. What neither candidate addressed, however, is the huge economic cost of the current state of political dysfunction.

It’s easy to dismiss Washington’s gridlock as business as usual. Congress has long been saddled with dismal approval ratings, and those are unlikely to improve after its recent decision to simply fund the government for a few more months instead of dealing with substantive budget issues.