Wednesday December 22, 2010

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Past Event

A BUDGETING FOR NATIONAL PRIORITIES EVENT

The Politics of Entitlement Reform and the Budget Deficit

Federal Budget, Budget Deficit, U.S. Congress

Event Summary

With a renewed focus on the budget deficit and national debt, due in part to the midterm election results, attention now turns to two important reports: the first by the Bipartisan Policy Center’s Debt Reduction Task Force and the second two weeks later by the President’s National Commission on Fiscal Responsibility and Reform [the commission's co-chairs issued their preliminary report earlier]. Will there finally be a consensus among federal policymakers on how to increase revenues or cut spending?

Multimedia Downloads

Full Audio

November 17, 2010 Length: 01:42:33

Event Information

When

Wednesday, November 17, 2010
11:00 AM to 1:00 PM

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

In Democracy: A Journal of Ideas, Senior Fellow Isabel Sawhill, director of Budgeting for National Priorities at Brookings, and Greg Anrig, vice president for policy at the Century Foundation, debated the pros and cons of major entitlement reform. On November 17, following the release of the Bipartisan Policy Center's Debt Reduction Task Force report, the Budgeting for National Priorities project hosted a reprise of the Sawhill-Anrig debate. A diverse panel of experts offered commentary on the report, as well as broadened the issue to consider whether the new Congress will be able to reach the compromises necessary on revenues and spending to reduce the deficit.

Materials Presented at the Event
Download the Domenici-Rivlin Debt Reduction Task Force Plan »
(PDF)
Download the Bowles-Simpson Fiscal Commission Draft Plan » (PDF)
Download Greg Anrig's PowerPoint presentation » (PDF)
Read the reaction to the Bowles-Simpson plan by James R. Horney, Paul N. Van de Water and Robert Greenstein »
Read the Aaron-Steuerle point-counterpoint on the budget challenge »

Transcript

RON HASKINS: Welcome to Brookings. Thanks for coming. My name is Ron Haskins and, along with my colleague Belle Sawhill, I run an organization here called the Center on Children on Families. And we also run another organization as part of our Center called the Budgeting for National Priorities, and we’ve been conducting activities for almost a decade. The kind of things that scholars do, especially focused on the federal budget deficit.

And our goal has been to do three things, really. First, sound the alarm. There’s a deficit out there, it could hurt us, we need to do something. Secondly, to propose specific solutions for what we should do about the deficit. And third, to agitate. And we’ve been doing all these things for many, many years. We’ve joined with other organizations in town, other think tanks and organizations. We’ve published three books, we’ve published numerous articles, op-eds, testified, we’ve tried to organize what you might call information sessions for senior staffers and members of Congress and members of the administration. We’ve met personally with lots of senior officials. So, we’ve done everything that we could think of to do within the boundaries, roughly speaking, of the scholarly world to try to bring attention deficit in to get somebody to do something about it.

So, as you might imagine, now is a time that we are really enjoying it. It looks, at last, as if people have actually recognized that we have a deficit. And not only that, but we have several compelling plans on the board. And of course, nobody agrees with everything on any of the plans. But I think so far it’s been remarkable how much at least the analysts have accepted these plans and realized that they’re very serious efforts and that something roughly along these lines is required in order to solve the deficit.

Participants

Welcome and Introduction

Ron Haskins

Senior Fellow, Economic Studies

Keynote Speakers

Isabel V. Sawhill

Senior Fellow, Economic Studies

Greg Anrig

Vice President for Policy, The Century Foundation

Panel

Henry J. Aaron

Senior Fellow, Economic Studies

Alison Fraser

Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation

Robert Greenstein

Founder and Executive Director, Center on Budget and Policy Priorities

Eugene Steuerle

Richard B. Fisher Institute Fellow, The Urban Institute