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.
Douglas Holtz-Eakin, June E. O'Neill, Rudolph Penner, Robert D. Reischauer and moderator Douglas W. Elmendorf speak about current budget policy at the "Honoring Ned Gramlich and the Importance of Policy Research" conference. May, 2014.
Doug Elmendorf, director of the Congressional Budget Office, talks about the current fiscal challenges facing the United States. In this lecture he presents what the "fiscal cliff" means, the consequences and options to avoid it.