Budget, Debt, and Deficits

Op-Ed

Congress Shouldn't Cut Military Research on Climate Change

Author: Varun Sivaram
The Hill

The new House budget sets a deadline of October 1 to “cut waste, eliminate redundancies and end the abuse or misuse of taxpayer dollars,” and it specifically targets the Department of Defense (DOD) for spending “part of their budget studying climate change.” Varun Sivaram highlights how the military’s broad portfolio of climate change adaptation efforts should not be considered redundant or wasteful because it bolsters American national security interests.

See more in United States; Climate Change; Budget, Debt, and Deficits

Video Speakers: Robert D. Atkinson, Daniel J. Ikenson, Robert A. Blecker, Derek Scissors, and Edward Alden

Is the U.S. trade deficit a problem for the United States? If so, does it reflect competitiveness problems that are in part due to trade policies, or is it caused by factors that have nothing to do with trade policies? What are the proper policy responses?

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Transcript

Howard Dean and Grover Norquist on the Successes and Failures of LBJ's Great Society

Speakers: Howard Dean and Grover Norquist
Presider: Michael P. Hirsh

Former governor of Vermont, Howard Dean, and Americans for Tax Reform's Grover Norquist, join Politico's Michael P. Hirsh, to discuss President Lyndon B. Johnson’s broad social agenda, the Great Society. Fifty years after the Great Society’s inception, the panelists reflect on the agenda’s economic and social legacy and envision its future.

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Audio

Howard Dean and Grover Norquist on the Successes and Failures of LBJ's Great Society

Speakers: Howard Dean and Grover Norquist
Presider: Michael P. Hirsh

Former governor of Vermont, Howard Dean, and Americans for Tax Reform's Grover Norquist, join Politico's Michael P. Hirsh, to discuss President Lyndon B. Johnson’s broad social agenda, the Great Society. Fifty years after the Great Society’s inception, the panelists reflect on the agenda’s economic and social legacy and envision its future.

See more in United States; Health Policy and Initiatives; Budget, Debt, and Deficits

Transcript

Protecting Retirement Security: The Future of Public Pensions

Speakers: Bradley D. Belt, Janet Cowell, and Scott Stringer
Presider: Glenn Hubbard

Orchard Global Asset Management's Bradley D. Belt, North Carolina State Treasurer Janet Cowell, and New York City Comptroller Scott Stringer, join Columbia University's Glenn Hubbard, to discuss the challenges of fulfilling pension obligations in the United States and how these liabilities will affect economic growth and stability.

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Video

Protecting Retirement Security: The Future of Public Pensions

Speakers: Bradley D. Belt, Janet Cowell, and Scott Stringer
Presider: Glenn Hubbard

Orchard Global Asset Management's Bradley D. Belt, North Carolina State Treasurer Janet Cowell, and New York City Comptroller Scott Stringer, join Columbia University's Glenn Hubbard, to discuss the challenges of fulfilling pension obligations in the United States and how these liabilities will affect economic growth and stability.

See more in United States; Budget, Debt, and Deficits

Audio

Protecting Retirement Security: The Future of Public Pensions

Speakers: Bradley D. Belt, Janet Cowell, and Scott Stringer
Presider: Glenn Hubbard

Orchard Global Asset Management's Bradley D. Belt, North Carolina State Treasurer Janet Cowell, and New York City Comptroller Scott Stringer, join Columbia University's Glenn Hubbard, to discuss the challenges of fulfilling pension obligations in the United States and how these liabilities will affect economic growth and stability.

See more in United States; Budget, Debt, and Deficits

Other Report

Spillovers From Falling Oil Prices: Risks to Mexico and the United States

Authors: Michael A. Levi, Alexandra Mahler-Haug, and Shannon K. O'Neil

U.S. policymakers who worry about the impact of energy developments on geopolitics typically think of high oil prices as bad news and low prices as an unalloyed good. But a sustained drop in oil prices can be dangerous as well. This paper investigates Mexican vulnerability to falling oil prices—and spillovers to the United States—to show how troublesome such a development might be.

See more in Mexico; Oil; Budget, Debt, and Deficits

Op-Ed

Europe's Bargain

Author: A. Michael Spence
Project Syndicate

A. Michael Spence argues that the eurozone has an opportunity to jumpstart economic recovery by relaxing fiscal constraints on the condition that member states use the reprieve to initiate public sector investment and structural reforms.

See more in Europe; Monetary Policy; Budget, Debt, and Deficits

News Release

U.S. Faces Painful Choices to Reduce Debt Burden, Warns New CFR Scorecard

The U.S. debt-to-GDP ratio has nearly grown to the Group of 7 (G7) average, a dramatic increase from 2000 when it was lower than most other G7 countries, according to a new progress report and scorecard from the Council on Foreign Relations Renewing America initiative. At its current rate, the U.S. debt-to-GDP ratio will be higher than all G7 countries except Japan by 2040.

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