The Final State of the Union
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
Summary:
A balanced approach to deficit reduction is good economic policy, justified by considerations of both efficiency and fairness. Deficit reduction that balances spending cuts, entitlement reform and loophole closing is also in the interest of the macroeconomy and economic growth.
At 11:45 am ET on Tuesday, March 5, 2013, President Obama’s Chairman of the Council of Economic Advisers, Alan B. Krueger, delivered remarks on “The Case for a Balanced Approach to Fiscal Policy” at the 2013 NABE Economic Policy Conference in Washington, DC.
In his prepared remarks, Chairman Krueger said: "… a balanced approach to deficit reduction is good economic policy, justified by considerations of both efficiency and fairness. Deficit reduction that balances spending cuts, entitlement reform and loophole closing is also in the interest of the macroeconomy and economic growth. Economists should reject the position that says no revenues can be raised from closing unjustified tax loopholes in order to finish the job of stabilizing our finances and strengthening our economy.”
Click here to see Chairman Krueger’s remarks and charts used.
