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Bringing the Federal Deficit under Control

October 18, 2011

Dialogue with the Fed: Beyond Today's Financial Headlines

Part 5: Where Are We Headed? (11:57)

Knowing the past, how do we measure all of the future debt that's likely to accumulate? The "fiscal gap" between revenue and outlays will be $1.3 trillion dollars every year between now and 2085 if the nation continues on its present course, Emmons explains. Using Congressional Budget Office scenarios, Emmons demonstrates two scenarios: "extended baseline" and "alternative fiscal."

Presentation Slides for "Bringing the Federal Deficit under Control"

Part 1: Welcoming Remarks | Julie Stackhouse (3:32)
Part 2: Introduction, "Bringing the Federal Deficit under Control" | William Emmons (5:49)
Part 3: The Nation's Profound Budgetary and Economic Challenges (5:42)
Part 4: Where Do We Stand? (9:43)
Part 5: Where Are We Headed? (11:57)
Part 6: Is Current Law Sufficient To Solve the Budget Problems? (7:07)
Part 7: The Alternative Fiscal Scenario (6:13)
Part 8: Bringing Future Deficits under Control: Ever-Rising Taxes? (3:54)
Part 9: Bringing Future Deficits under Control: Ever-Rising Debt? (3:50)
Part 10: Are There Realistic Alternatives? (17:23)
Part 11: Question-and-Answer Session (23:40)

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