Solving America’s Fiscal Crisis Part I: The Fiscal Crisis Ahead Andrew Biggs, Kevin Hassett, and Alan Viard June 13, 2012 Committee on Public Affairs.

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Presentation transcript:

Solving America’s Fiscal Crisis Part I: The Fiscal Crisis Ahead Andrew Biggs, Kevin Hassett, and Alan Viard June 13, 2012 Committee on Public Affairs

The Fiscal Crisis Ahead Andrew Biggs, Kevin Hassett, and Alan Viard The Union League Club, New York City June 13, 2012

How We Got Here Ten Year Cumulative Outlays and Revenues from Successive CBO Budget Outlooks Notes: Data compiled from CBO budget baseline ten-year projections published annually in January 2004-January 2012.

Current Law

Gross Debt in the US and Other Advanced Economies

Experiences After a AAA Downgrade

Q & A