Beyond PAYGO: The Federal Budget Process and Proposals for Reform

Date: September 16, 2009

Location:
New America Foundation
1899 L St NW, 4th Floor

DC, Washington 20036

Description:

Much of the federal budget is on automatic pilot and will continue to grow even with a strong PAYGO law in place. The White House recently projected that deficits will add over $9 trillion to the debt during the next decade.  The budget process is partially responsible for the failure to address these challenges.
 
The Peter G. Peterson Foundation and the Pew Charitable Trusts have joined forces with the Committee for a Responsible Federal Budget to launch a landmark partnership to build bipartisan consensus for a core set of budget process reforms.
 
As the Commission prepares to release its first report, a bipartisan group of leading budget experts will discuss recent proposals by the Administration and Congress to gain control over mandatory spending and put the budget on a sustainable path. Among the proposals to be discussed are reinstating a statutory "pay-as-you-go" (PAYGO) rule and a strengthened Medicare advisory panel tasked with recommending Medicare savings - a "MedPAC on steroids."
 
But how far can these tools go in helping to get deficits under control?  What are their limits? What other reforms should be on the table?  How do we "bend the cost curve" for those parts of the budget that are on autopilot and that wouldn't be affected by PAYGO? 

Please join moderator Morton Kondracke of Roll Call in a constructive discussion with our panel of distinguished budget experts on the PAYGO, MedPAC, and other proposals to reform the federal budget process. 

Moderator
Morton Kondracke
Roll Call

Featured Speakers
Robert Reischauer
Former CBO Director
The Urban Institute
Peterson-Pew Commission on Budget Reform

Jim Nussle
Former OMB Director and House Budget Committee Chairman
The Nussle Group
Peterson-Pew Commission on Budget Reform

Rudolph Penner 
Former CBO Director
The Urban Institute
Peterson-Pew Commission on Budget Reform

Tim Penny
Former Member of Congress
Co-chair, Committee for a Responsible Federal Budget
Peterson-Pew Commission on Budget Reform
                      
Robert Greenstein
Center on Budget and Policy Priorities

Wednesday, September 16, 2009

8:45 a.m. - 9:00 a.m.
Coffee and Registration

9:00 a.m - 11:00 a.m.
Panel discussion

To RSVP for the event, contact Nathan Atlas at (202) 596-3402 or atlas@newamerica.net 

For questions, contact Stephanie Gunter at (202) 596-3367 or gunter@newamerica.net

For press inquiries, contact Kate Brown at (202) 596-3365 or  brown@newamerica.net

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