Debt Matters: Finding an Affordable Way to Build Back Better

Congress is considering a $3.5 trillion budget reconciliation bill that is touted as a transformational change in the role of government in the US economy. At that size, the reconciliation bill would be among the largest single pieces of legislation ever enacted, and so would have at least the sheer mass to move the economy and significantly increase the role of government.

And the Democratic House and Senate leadership’s decision to use the reconciliation process for this massive budget bill expedites its enactment, but with the adverse side effects of making the bill and the process less transparent and obviating the need for careful committee consideration and bipartisan cooperation and support.

The economy is already at risk from the unsustainable federal budget deficits and debt, which even a truly “paid-for” reconciliation bill would not address. Rising deficits and interest costs will crowd out the economy’s ability to invest and grow, as well as government’s capacity to respond to threats and contingencies and to prepare for the future.

As an attendee of this webcast, you will learn:

  • How the reconciliation budget process works and its original intention to cut debt & deficits
  • What are the major programs in the reconciliation budget bill and how it will transform the role of government in the economy
  • Insights and solutions for how to ensure the budget process builds back affordably and why debt matters

Who Should Attend: Business executives and public policy leaders who are seeking to learn more about the $3.5 trillion reconciliation omnibus budget legislation, its current status and why fiscal debt matters

 Watch Full Recording
G. William Hoagland Ronald Klein Cynthia (CJ) Warner Joseph J. Minarik Joseph E. Kasputys, PhD
Debt Matters: Finding an Affordable Way to Build Back Better
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CED POLICY WATCH

Debt Matters: Finding an Affordable Way to Build Back Better

OCTOBER 14, 2021

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Congress is considering a $3.5 trillion budget reconciliation bill that is touted as a transformational change in the role of government in the US economy. At that size, the reconciliation bill would be among the largest single pieces of legislation ever enacted, and so would have at least the sheer mass to move the economy and significantly increase the role of government.

And the Democratic House and Senate leadership’s decision to use the reconciliation process for this massive budget bill expedites its enactment, but with the adverse side effects of making the bill and the process less transparent and obviating the need for careful committee consideration and bipartisan cooperation and support.

The economy is already at risk from the unsustainable federal budget deficits and debt, which even a truly “paid-for” reconciliation bill would not address. Rising deficits and interest costs will crowd out the economy’s ability to invest and grow, as well as government’s capacity to respond to threats and contingencies and to prepare for the future.

As an attendee of this webcast, you will learn:

  • How the reconciliation budget process works and its original intention to cut debt & deficits
  • What are the major programs in the reconciliation budget bill and how it will transform the role of government in the economy
  • Insights and solutions for how to ensure the budget process builds back affordably and why debt matters

Who Should Attend: Business executives and public policy leaders who are seeking to learn more about the $3.5 trillion reconciliation omnibus budget legislation, its current status and why fiscal debt matters

Speakers

G. William Hoagland

Former Director of Budget and Appropriations in th…
Bipartisan Policy Center

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Ronald Klein

Former Congressman and Partner
Holland & Knight

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Cynthia (CJ) Warner

Former President and CEO
Renewable Energy Group; CED Tr…

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Joseph J. Minarik (Moderator)

Former Senior Vice President and Director of Resea…
Committee for Economic Develop…

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Joseph E. Kasputys, PhD

Chief Executive Officer
Economic Ventures

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Policy Watch explores relevant topics where business meets US domestic policy. Join experts at the Committee for Economic Development of The Conference Board and prominent policy makers as they dissect the impact of timely decisions from the nation's capital.

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