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Restoring Fiscal Sanity: How to Balance the Budget

America will face persistent, annual deficits of over half a trillion dollars over the next decade. If current policies continue, these deficits will slow economic growth, reduce household incomes, and impose enormous burdens on the next generation. To address the problem, a team of Brookings experts—several of whom have served as White House Office of Management and Budget directors—has been working on possible solutions.

 

On January 13, the group will release a new report on why deficits matter and what might be done about them. The report, which is being released three weeks before the president’s budget is due to Congress, provides a clear-eyed assessment of the federal budget outlook for the next ten years and offers three ways to balance the budget.

Along with brief presentations by the Brookings authors, an independent, expert panel will address the budget problem and the report’s proposals.

Introduction:

STROBE TALBOTT

President, The Brookings Institution

Panel 1:


ALICE M. RIVLIN

Senior Fellow and Director

Greater Washington Research Program, Brookings


ISABEL V. SAWHILL

Vice President and Director

Economic Studies Program, Brookings

Panel 2:


DAN L. CRIPPEN

Former Director

Congressional Budget Office


ROBERT E. RUBIN

Director and Chairman of the Executive Committee, Citigroup


JOHN EDWARD PORTER

Partner, Hogan & Hartson, LLP


ROBERT D. REISCHAUER

President, Urban Institute

Panel 3:

Moderator:

HENRY J. AARON

Senior Fellow

Economic Studies, The Bruce and Virginia MacLaury Chair, Brookings


LAEL BRAINARD

Senior Fellow

Economic and Foreign Policy Studies, Brookings


WILLIAM G. GALE

Senior Fellow and Deputy Director, Economic Studies

Brookings; Co-Director, Urban-Brookings Tax Policy Center


RON HASKINS

Senior Fellow

Economic Studies, Brookings


PETER R. ORSZAG

Joseph A. Pechman Senior Fellow

Economic Studies, Brookings


CHARLES L. SCHULTZE

Senior Fellow Emeritus

Economic Studies, Brookings

Agenda

Restoring Fiscal Sanity: How to Balance the Budget

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