A Discussion of the Debt Limit and Correcting Our Unsustainable Fiscal Path

Online registration for this event is closed. Walk-in registrations will be accepted.

If you cannot attend, we welcome you to watch the event live on this page.

The United States is accumulating debt at a rate that will force Congress to decide this summer whether to raise the legal limit on our national debt. As the US Treasury approaches the point where it can no longer issue additional debt, an important debate over how to rein in deficit spending is brewing in Congress. While US Treasury Secretary Timothy Geithner announced that he will take "extraordinary measures" to delay reaching the debt limit for as long as possible, these extra few months will not correct the country's unsustainable fiscal path. At the same time, Senator Pat Toomey (R-PA) and twenty-two cosponsors in the Senate, along with Representative Tom McClintock (R-CA) and ninety cosponsors in the House, have introduced legislation that would require the Treasury Department to make interest payments on the federal debt first priority if the limit is reached.

At this AEI event, Senator Toomey will discuss this legislative proposal and other issues surrounding the forthcoming debt-limit debate in Congress, including how to bring about more comprehensive solutions to the country's fiscal problems and put the United States on the path to prosperity.
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About the Author

 

Arthur C.
Brooks
  • Arthur C. Brooks is president of the American Enterprise Institute (AEI). He is also the Beth and Ravenel Curry Scholar in Free Enterprise at AEI.

    Immediately before joining AEI, Brooks was the Louis A. Bantle Professor of Business and Government at Syracuse University, where he taught economics and social entrepreneurship.

    Brooks is the author of 10 books and hundreds of articles on topics including the role of government, fairness, economic opportunity, happiness, and the morality of free enterprise. His latest book, “The Road to Freedom: How to Win the Fight for Free Enterprise” (2012) was a New York Times bestseller. Among his earlier books are “Gross National Happiness” (2008), “Social Entrepreneurship” (2008), and “Who Really Cares” (2006). Before pursuing his work in public policy, Brooks spent 12 years as a classical musician in the United States and Spain.

    Brooks is a frequent guest on national television and radio talk shows and has been published widely in publications including The New York Times, The Wall Street Journal, and The Washington Post.

    Brooks has a Ph.D. and an M.Phil. in policy analysis from RAND Graduate School. He also holds an M.A. in economics from Florida Atlantic University and a B.A. in economics from Thomas Edison State College.


    Follow Arthur Brooks on Twitter.

  • Assistant Info

    Name: Danielle Duncan
    Phone: 202.419.5213
    Email: danielle.duncan@aei.org

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