Expert Views: Fiscal Commission
The Fiscal and Economic Experts
![Heidi-Heitkamp Heidi Heitkamp](https://www.pgpf.org/wp-content/uploads/2024/02/Heidi-Heitkamp.jpg)
Heidi Heitkamp
Former U.S. Senator (ND) and Director of Institute of Politics, University of Chicago
To Get Our Fiscal House in Order: Put Politics First
![G-William-Hoagland G-William-Hoagland](https://www.pgpf.org/wp-content/uploads/2024/02/G-William-Hoagland.jpg)
G. William Hoagland
Senior Vice President, Bipartisan Policy Center
Fiscal Commissions: Promises and Disappointments
![Leon-Panetta_0 Leon-Panetta_0](https://www.pgpf.org/wp-content/uploads/2024/04/Leon-Panetta_0.jpg)
Leon E. Panetta
Former U.S. Secretary of Defense and Chair, The Panetta Institute for Public Policy
Our National Debt: The Choice between Leadership or Crisis
![Rob-Portman_0 Rob-Portman_0](https://www.pgpf.org/wp-content/uploads/2024/04/Rob-Portman_0.jpg)
Robert Portman
Former U.S. Senator (OH) and Distinguishing Visiting Fellow in the Practice of Public Policy, American Enterprise Institute
A Bipartisan Tool to Improve America’s Fiscal Future
![Brian-Riedl Brian-Riedl](https://www.pgpf.org/wp-content/uploads/2024/04/Brian-Riedl.jpg)
Brian Riedl
Senior Fellow, Manhattan Institute
Yes, Fiscal Commissions Can Succeed with a Committed Congress
![Ben-Ritz Ben-Ritz](https://www.pgpf.org/wp-content/uploads/2024/04/Ben-Ritz.jpg)
Ben Ritz
Director, Center for Funding America’s Future, Progressive Policy Institute
Setting Up a Fiscal Commission for Success
![Sita-Slavov_0 Sita-Slavov_0](https://www.pgpf.org/wp-content/uploads/2024/04/Sita-Slavov_0.jpg)
Sita Slavov
Professor of Public Policy Schar School of Policy and Government, George Mason University
Making Tough Fiscal Choices to Protect Future Generations
![Mark-Zandi Mark-Zandi](https://www.pgpf.org/wp-content/uploads/2024/05/Mark-Zandi.jpg)
Mark Zandi
Chief Economist, Moody’s Analytics
A Way to Brighten America’s Dark Fiscal Outlook
![lori-and-dana lori-and-dana](https://www.pgpf.org/wp-content/uploads/2024/04/lori-and-dana.jpg)
Dana M. Peterson
Chief Economist & Center Leader of Economy, Strategy & Finance, The Conference Board
Lori Esposito Murray
President of the Committee for Economic Development, The Conference Board
The Debt Crisis Is Here
Questions Posed to the Experts
- What are the benefits of establishing a bipartisan fiscal commission to propose comprehensive reforms to stabilize the debt?
- How should a commission be structured to give it the best chance of success?
- Propose at least three structural spending or revenue reforms that would decrease deficits over the long term, and could be included as part of a bipartisan package.
A note from Michael Peterson
Chairman and CEO of the Peterson Foundation
Earlier this year, our nation narrowly avoided a debt ceiling default and we are now staring down a deadline for a potential government shutdown. These repeated, self-inflicted crises and budget brinksmanship harm the economy and are not actually addressing the true drivers of our $33 trillion and rising national debt.
What we need is a serious, substantive and comprehensive approach to solving the long-term structural imbalances of our budget. A new bipartisan commission would enable an important national dialogue on this fundamental challenge to our nation’s fiscal and economic future.
We asked a group of respected policy experts to share their views on how a bipartisan fiscal commission could help break this cycle of fiscal governing-by-crisis and enable a more focused and productive discussion of our fiscal challenges. These nine new essays feature a range of insights on the best way to structure a commission for success, as well as recommendations for specific spending and revenue policies that would reduce the deficit and could be included in a bipartisan package.
The concept of a commission is gaining momentum among leaders in Washington, and American voters strongly agree. We hope that the ideas presented here in Expert Views: Fiscal Commission can help provide valuable recommendations toward fiscal solutions that are critical to America’s future.