Monday February 13, 2012

Welcome   |   Register   |   Log in

Past Event

A BUDGETING FOR NATIONAL PRIORITIES EVENT

Burden of Debt: A Discussion with Rep. Paul Ryan

U.S. Budget Deficit, Federal Budget, U.S. Economy, Taxes

Event Summary

The federal deficit, already huge by any standard, is predicted to remain above $1 trillion throughout the next decade and beyond. Many experts estimate that, by 2020, the nation’s debt/GDP ratio will exceed 90 percent, a level widely perceived to increase the risk of a catastrophic financial event. Neither Congress nor the last two administrations have proposed serious plans to reduce the long-term deficit, although President Obama has appointed a bipartisan commission to make recommendations on how the deficit can be reduced.

Event Information

When

Thursday, July 22, 2010
9:00 AM to 11:00 AM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Map

Event Materials

Contact: Brookings Office of Communications

Email: events@brookings.edu

Phone: 202.797.6105

On July 22, Brookings hosted Rep. Paul Ryan (R-Wisc.), ranking member of the House Budget Committee, who has proposed what he calls “A Roadmap for America’s Future.” Ryan, who is also a member of the president’s deficit commission, summarized his plan and answered questions. His talk was followed by comments from budget experts representing diverse views on the changes in spending and taxes required to reduce the deficit.

After the presentations, panelists took questions from the audience. 

Download Jonathan Rauch's charts » (PDF)

Download Rep. Paul Ryan’s PowerPoint Presentation » (PDF)

Transcript

RON HASKINS: Welcome. My name is Ron Haskins; I’m a senior fellow here at Brookings and along with Belle Sawhill I run a center here called the Center on Children and Families. And as part of the Center on Children and Families, in 2003, we started another organization called Budgeting for National Priorities. At that time, I don’t think the deficit was quite as well understood or feared as it is now, and one of our goals was to do everything we could to bring attention to the deficit. We also formed something we called the Fiscal Seminar, a bipartisan group that had various distinguished budget people and people who understand politics in Washington. And we did lots of scholarly things, like write books and articles, so, you had dramatic impact, as all of you know. Sometimes when we’re really feeling radical we wrote a letter to the President and told him what to do and he didn’t do it, so we sent him another letter. So, very effective way to operate.

So, as you can tell, none of us vote and, therefore, we like to hang out with people who vote. Many of you may know that we previously invited House Majority Leader Steny Hoyer to come and give a talk about the deficit. And I was -- I think a lot of people were surprised by the passion that he showed toward doing something about the deficit. Although he did not necessarily have specific ideas about what to do, he indicated that they -- Democrats -- were open to ideas about the deficit.

So today we’re sponsoring a talk by Paul Ryan, Republican Representative from Wisconsin’s 1st District.

Participants

Welcome & Introduction

Moderator: Ron Haskins

Senior Fellow and Co-Director, Center on Children & Families

Keynote Speaker

The Honorable Paul Ryan (R-Wisc.)

Ranking Member, Committee on the Budget
U.S. House of Representatives

Panel

Stuart Butler

Vice President, Domestic & Economic Policy Studies
The Heritage Foundation

William G. Gale

Senior Fellow, Economic Studies

Stephen Moore

Senior Economics Writer
The Wall Street Journal

Jonathan Rauch

Guest Scholar, Governance Studies

Diane Lim Rogers

Chief Economist, The Concord Coalition

Austin Smythe

Staff Director to Rep. Paul Ryan
U.S. House of Representatives


My Portfolio

My New Content

View suggested content based on items you have saved to your Portfolio.
Log in or register now