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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 on theme: "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."— Presentation transcript:

1 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

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

3 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.

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20 Current Law

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23 Gross Debt in the US and Other Advanced Economies

24 Experiences After a AAA Downgrade

25 Q & A

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