“Fiscal Therapy: Curing America’s Debt Addiction and Investing in the Future”
Thursday, June 6, 2019
1:00 PM - 2:00 PM ET
In a time of partisan bickering, cutthroat politics, and fake news, it is more important than ever to confront America’s economic challenges with well-researched reforms. In Fiscal Therapy: Curing America’s Debt Addiction and Investing in the Future, Bill Gale lays out a broad-based reformation of the American economy, addressing two distinct but related problems facing the United States: steadily rising federal debt and steadily declining investment in children, education, and infrastructure. Rising debt will hurt our economy and threaten our global leadership, but we need up-front investments in many areas, which cost money. Gale provides a plan to make the economy and nation stronger while controlling entitlement spending but preserving and enhancing its anti-poverty and social insurance roles. He explains how to increase public investments in human and physical capital and raise and reform taxes to pay for government spending in a fair and efficient way. What is needed, he argues, is to balance today’s needs against tomorrow’s obligations.
William Gale, Arjay and Frances Miller Chair in Federal Economic Policy and Senior Fellow - Economic Studies, Brookings Institution
Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School
Diane Swonk, CBE, Chief Economist, Grant Thornton
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