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Fed Chairman Bernanke faces a tricky messaging problem for his July 17 Humphrey-Hawkins swan song before the Congress.
A better chance for success than a balanced budget amendment is to outlaw mandatory spending increases. Congress should be required to debate and vote on all spending increases beyond inflation. Votes would have to be brought forward and compromises made. That won't solve the problem, but it will help on the margin.
It is a mistake to think of the nation's budgetary challenge as something associated solely with the size of near-term deficits. That was never the case.
The federal budget deficit should be sustainable given future growth and inflation expectations, but there are serious long-term fiscal problems that deserve our attention now.
Click the image to watch Resident Scholar Alan Viard discuss the Ryan budget
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AEI’s Marilyn Ware Center for Security Studies will host General Raymond Odierno, chief of staff of the US Army, for the second installment of a series of four events with each member of the Joint Chiefs.
Please join AEI for a briefing on the TPP and the current trade agenda from 12:00 – 1:15 on Tuesday, July 30th in 106 Dirksen Senate Office Building.
Experts from the US, Europe, Canada, and Asia will address efforts to moderate housing cycles using countercyclical lending policies.
