December 1, 2010
Prosperity Not Austerity: A Response to the Fiscal Commission and a Blueprint for Economic Recovery
National Press Club
529 14th Street NW
Washington, D.C. 20045
The National Commission on Fiscal Responsibility and Reform released its final report on December 1st. There are many paths to fiscal responsibility, but the immediate priority must be broadly shared economic growth and security. Did the fiscal commission’s proposals meet this goal? What alternatives would spur an early economic recovery? The American Prospect, Demos, the Economic Policy Institute, The Century Foundation, and The Roosevelt Institute sponsored an event in response to the report’s release. CEPR Co-Director Dean Baker, along with Nobel Laureate Joseph Stiglitz and other prominent experts, discussed the merits and drawbacks of the commission’s plan and recommend alternative paths to fiscal responsibility with sustained economic growth for all Americans. The event was streamed live at www.ourfiscalsecurity.org.