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Apr 27

Restoring Budget Sanity

Location: B-318 Rayburn House Office Building

Panel 1:

Alice M. Rivlin
Senior Fellow and Director,
Greater Washington Research Program, Brookings
(Moderator)

Stuart Butler
Vice President, Domestic and Economic Policy Studies, The Heritage Foundation

Rep. Jim Nussle (R-Iowa)
Chairman, House Budget Committee

Isabel V. Sawhill
Vice President and Director,
Economic Studies Program, Brookings

Rep. John M. Spratt, Jr. (D-SC)
Ranking Member House Budget Committee

Panel 2:

Ron Haskins
Senior Fellow, Economic Studies, Brookings
(Moderator)

Bill Dauster
Minority Deputy Staff Director and
General Counsel, Senate Finance Committee

William Hoagland
Majority Staff Director, Senate Budget Committee

Rich Meade
Majority Chief of Staff,
House Budget Committee

Thomas Kahn
Minority Staff Director,
House Budget Committee

If current policies are continued and recent tax cuts are extended, the United States will face annual budget deficits of more than half a trillion dollars over the next decade. The deficits will escalate rapidly after that and could have serious consequences for the economy.

To address the issue, The Heritage Foundation and The Brookings Institution will co-sponsor an event on Capitol Hill featuring a bipartisan group of lawmakers, budget analysts, and congressional budget staffers to examine the deficit, its possible short and long-term consequences, and policies that Congress could adopt to reduce it.

The first group of panelists will analyze the deficit and its causes and propose solutions to the problem. Speakers on the second panel will present alternative views on the deficit and critique The Heritage and Brookings proposals. Following their remarks, both panels will take questions from the audience

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