New Report Release and Discussion
On Wednesday, January 26th, 2011, CED released a new report on the nation's fiscal crisis. What would a genuine debt crisis look like? Mounting U.S. debt is one of the most urgent threats to future economic growth. In This Way Down to a Debt Crisis, CED's Fiscal Health Subcommittee outlines several potential scenarios of how the future could unfold if policy leaders fail to address the debt crisis. The scenarios or "alternative futures" are fictitious, but based on sound economics and finance.
The event featured a presentation by Dr. Joseph J. Minarik, Senior Vice President and Director of Research. Additional speakers included Dr. Alice M. Rivlin, former Director of the Office of Management and Budget, Dr. Thomas E. Mann, Senior Fellow of Governance Studies, both of the Brookings Institution, and Dr. Norman Ornstein, Resident Scholar at the American Enterprise Institute.