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.
Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Arthur C.
Brooks

What's new on AEI

Retirement crisis is hyped
image Why the Foley beheading will force Obama to continue US airstrikes
image How the New York Times misguides their readers on Internet regulation
image US still has time to stake out a position of strength on Ukraine
AEI on Facebook
Events Calendar
  • 25
    MON
  • 26
    TUE
  • 27
    WED
  • 28
    THU
  • 29
    FRI
Wednesday, August 27, 2014 | 3:00 p.m. – 4:15 p.m.
Teacher quality 2.0: Toward a new era in education reform

Please join AEI for a conversation among several contributors to the new volume “Teacher Quality 2.0: Toward a New Era in Education Reform” (Harvard Education Press, 2014), edited by Frederick M. Hess and Michael Q. McShane. Panelists will discuss the intersection of teacher-quality policy and innovation, exploring roadblocks and possibilities.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.