Larry Summers writes: "If even half the energy that has been devoted over the past five years to 'budget deals' were devoted instead to 'growth strategies' we could enjoy sounder government finances and a restoration of the power of the American example."
That's a bit of a false dichotomy — the two aren't mutually exclusive, after all, and one could argue that getting the American federal budget under control is itself pro-growth because it lifts the inflation fears and fears of tax increases that crimp growth. But there's something to his point, too.