The National Commission on Fiscal Responsibility and Reform released its long-anticipated report today. The report, The Moment of Truth, can be downloaded here. The full commission will vote on the report this Friday.
The National Academy of Public Administration invites you to an exciting discussion on how the changing Washington horizon will affect efforts to reign in the national debt. Please join us on November 30, 2010 from 8:30 am – 10:00 am. Click here for more details.
There’s a lot of talk about money in Butch Cassidy and the Sundance Kid, although most of the discussion is about how to steal it. There’s also a famous scene in which Butch and Sundance are trapped at the edge of a cliff, with a posse closing in behind them and a deep river gorge ahead. Butch says their only chance is to jump, but Sundance doesn’t want to do it. They bicker for a while and finally Sundance blurts out: “I can’t swim!” Butch bursts out laughing. “Are you crazy?” he asks. “The fall will probably kill you!”
Yesterday was a banner day for those of us who eagerly await budget reports and recommendations as two key documents were released for public consumption — a report by the Peterson-Pew Commission entitled Getting Back in the Black and the co-chairs of the bipartisan National Commission on Fiscal Responsibility and Reform, former Senator Alan Simpson and Erskine Bowles, released a draft “co-chairs’ proposal”.
Everyone approaches the problem of the national debt from a different perspective, because fundamentally this becomes an argument over what you want the government to do – or not do. The debate gets tangled up in the very different (and legitimate) political views that people have. While this argument goes on, the federal government continues to borrow more and more money.
At its heart, the federal budget isn’t about money. It’s about values. Sure, a panel of experts or a presidential commission can come up with ways to make the books balance. But the federal budget is an expression of what we value as a nation, and what our priorities are. What the government spends, how [...]
It’s just common sense: you can’t get anywhere unless you know where you’re going. Right? When it comes to the federal budget and the national debt, however, we don’t have any direction at all. The U.S. government doesn’t have any binding budget goals. None. Zippo. Nada.
One of the biggest problems in the debate over our national debt and the federal budget is that no one seems to agree on what a “good” budget is. Does that mean a balanced budget? Or one that’s judged by the overall economy: small or no deficits in prosperous times; big deficits to stimulate the economy when times are bad? Is it based on the size of our national debt? Or maybe it’s about whether the budget is sustainable in the long run?
The John D. and Catherine T. MacArthur Foundation and the Federal Reserve Bank of Chicago invite you to
“America’s Fiscal Future: Making Difficult Choices”. A discussion with the co-chairs of the expert committee that produced Choosing the Nation’s Fiscal Future.
Following a release of a recent poll published by Public Agenda, John Castellani, President and CEO of Business Roundtable and Dr. Elaine Kamarck, a faculty member from the John F. Kennedy School of Government at Harvard University and a National Academy Fellow offered their differing views on how America can rise above the partisan divide that is impeding progress on the issue. Click through to see video highlights of their unique perspectives these issues.