Friday, September 9, 2011, 9:30 — 11:00 am
The Brookings Institution, Falk Auditorium, 1775 Massachusetts Ave, NW, Washington, DC
As President Obama prepares to address a joint session of Congress, both Democrats and Republicans seem to agree on the need to create new jobs and reduce the U.S. budget deficit. After passage of legislation to cut federal spending by more than $900 billion over the next ten years, a bipartisan Joint Select Committee on Deficit Reduction has been tasked with finding $1.5 trillion more in spending cuts or additional revenue by November 23. The time may be right for a “grand bargain” to spur economic growth immediately and reduce the gap between spending and revenue in the medium and long term. But can the parties bridge partisan divides over tax policy, education and infrastructure investments, defense spending and entitlement programs?
On September 9, the day after the president’s speech, the Budgeting for National Priorities project at Brookings will host a panel discussion to examine the options for an agreement on economic growth and reducing the budget deficit. Senior Fellow Ron Haskins will moderate a panel discussion which includes Brookings Senior Fellows Alice Rivlin, Isabel Sawhill, Adam Looney, and Douglas Holtz-Eakin, president of the American Action Forum.
After the program, panelists will take audience questions.
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