Policy Talks @ the Ford School Free and open to the public. Reception to follow. Join the conversation on Twitter: #policytalks About the lecture If we maintain our current spending and tax policies, the federal budget deficit will be so large that debt will continue to rise much faster than GDP. That cannot go on indefinitely. We will need at least to stabilize debt as a share of GDP, and we may decide to push debt back down toward the share of GDP it represented during the past several decades.