First Super Committee Hearing at 10:30am, Live on C-SPAN3
The hearing will feature expert testimony from Doug Elmendorf, Director of the Congressional Budget Office, and the Committee will broadly look at the history and drivers of our debt (see CRFB's budget slideshow for an overview of the fiscal situation today and what is driving our future deficits). Yesterday, CRFB released a letter signed by over 60 former politicians, business leaders, and other experts urging the Super Committee to "Go Big" and exceed its mandate. We are anxious to see the Committee begin its work, and hope they succeed in producing a plan that can stabilize our debt and set it on a downward path (see our latest paper, What We Hope to See from the Super Committee).
Also today, the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth will hold a hearing at 2pm on deficits with testimony from former CEA chair Martin Feldstein, former Fed chair Alan Greenspan, former Treasury official and former CEA member John B. Taylor, former Governor and Business Roundtable head John Engler, and former JCT chief of staff and USC professor Edward Kleinbard.