Designing Federal Budget Policy to Spur Economic Growth

Thank you. I am delighted to be back at NABE. My goal today is to make the case for a set of changes to federal budget policy that would spur economic growth. In contrast to my talks when I was director of the Congressional Budget Office (CBO), today I will be making policy recommendations. I will try to be explicit, though, about the ways in which the recommendations are based on the analysis done by CBO and others, and the ways in which the recommendations are based on my personal value judgments.