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Publications
Author: Reischauer, Robert D.
Taking Back Our Fiscal Future (Occasional Paper)
Author(s):
Joseph Antos , Robert Bixby , Stuart Butler , Paul Cullinan , Alison Fraser , William Galston , Ron Haskins , Julia Isaacs , Maya MacGuineas , Will Marshall , Pietro Nivola , Rudolph G. Penner , Robert D. Reischauer , Alice M. Rivlin , Isabel V. Sawhill , C. Eugene Steuerle
The authors of this paper—longtime federal budget and policy experts—were drawn together by a deep concern about the nation's long-term fiscal outlook. Despite diverse philosophies and political leanings, they found solid common ground and agree that unsustainable deficits in the federal budget threaten the health and vigor of the American economy and the first step toward establishing budget responsibility is to reform the budget decision process so that the major drivers of escalating deficits—Social Security, Medicare, and Medicaid—are no longer on autopilot. The paper provides specific policy recommendations and outlines the reasons action is critical.
Published: 03/31/08
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Defining Our Long-Term Fiscal Challenges (Reischauer): Testimony Before the U.S. Senate Budget Committee (Testimony)
Author(s):
Robert D. Reischauer
The recent fiscal situation and the intermediate-term budget outlook may appear relatively benign, Urban Institute President Robert Reischauer told the Senate Budget Committee, but deficits and debt will gradually grow to unprecedented and unsustainable levels if current tax and spending policies are not altered significantly. "The challenge we face," he said, "is determining how to balance our desire for improved health against our other priorities. We cannot have it all and ask our children and grandchildren to pick up the tab." The longer policymakers wait to act, the more wrenching the adjustments will have to be.
Published: 01/30/07
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Don't Count on That Tax Cut: Commentary (Commentary)
Author(s):
Robert D. Reischauer
[New York Times] President Bush will sign his long-promised tax cut today. But conservatives shouldn't break out the champagne just yet, nor should liberals start taking their antidepressants. Passing the cuts was easy. Mesmerized by projections of mountainous surpluses, few legislators could say no. But Congress and the president have turned their attention to crafting solutions to the nation's other problems, and now the real battle over taxes will begin.
Published: 06/07/01
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