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Global Conference 2012 | Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals?
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Panel Detail:

Tuesday, May 1, 2012
2:30 PM - 3:45 PM

Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals?

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Speakers:

Jared Bernstein, Economic Policy Fellow, Milken Institute; Senior Fellow, Center on Budget and Policy Priorities; former Chief Economist to Vice President Joe Biden

Edward Lazear, Professor, Stanford University; Senior Fellow, Hoover Institution; former Chairman, Council of Economic Advisors

Steven Rattner, Chairman, Willett Advisors; former Counselor and Lead Auto Advisor to the U.S. Secretary of the Treasury

Phillip Swagel, Senior Fellow, Milken Institute; Professor, University of Maryland School of Public Policy

Moderator:

Gillian Tett, U.S. Managing Editor, Financial Times

Can the United States live within its means while still investing in the future? Does it make sense to focus on deficit reduction right now, especially with the government's borrowing costs at historic lows? Or do we need further stimulus to jumpstart job growth? With aging roads and bridges falling into disrepair, how much longer can we postpone large-scale infrastructure projects? How will we continue to invest in education and innovation? Is there a responsible way to cut the defense budget? Is it time to shift the conversation from cutting the budget to raising revenues? This panel will examine whether it's possible to take a balanced approach to deficit reduction that won't harm our prospects for future growth.


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