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Countdown to Default? How to Stop Worrying About a Debt Crisis and Achieve Fiscal Sustainability

2023 Global Conference

Countdown to Default? How to Stop Worrying About a Debt Crisis and Achieve Fiscal Sustainability

Wednesday, May 3, 2023
11:30 AM - 12:30 PM PDT
Beverly Hilton - Beverly Hills Ballroom

As the US faces the prospect of a default in the coming months, its trillions of dollars of debt are again at the forefront of policymakers’ concerns. For over 20 years, while a generation of leaders has arrived and departed Washington, neither party has achieved a budget surplus. Though the great recession and a global pandemic account for some overspending, US debt levels have been generally rising for 40 years, to the point that we are now approaching debt-to-GDP ratios most economists consider a potential challenge to economic growth. What can be done to move beyond the current paradigm, where both political parties seem to prefer using the federal deficit as a means of scoring short term political points at the expense of longer-term fiscal solutions? Join us as we examine potential bipartisan approaches to achieving greater fiscal sustainability. 

Moderator
Josh Barro
Author, "Very Serious" Newsletter; Host, "Very Serious" Podcast
Speakers
Brendan Boyle
US Representative, Pennsylvania; Ranking Member, US House Budget Committee
Maya MacGuineas
President, Committee for a Responsible Federal Budget
Mick Mulvaney
Former White House Chief of Staff; Former Director of the Office of Management and Budget; Co-Chair, Actum Global Advisers
Alan Schwartz
Executive Chairman, Guggenheim Partners