LONG-TERM BUDGET ISSUES: Moving From Balancing the Budget to Balancing Fiscal Risk

Abstract

Chairman Domenici, Ranking Member Conrad, and other Senators, I am pleased to be here today to present GAO s perspective on the long-range fiscal policy challenges facing this Congress and our nation. In recent testimony before this committee, Federal Reserve Chairman Alan Greenspan observed that the new, larger surplus projections have reshaped the choices and opportunities before us. That is true. As I have noted before, this Administration and this Congress enter the 21st Century facing new opportunities and new challenges. You have the opportunity to respond to many of today s wants, but also the obligation to prepare for the long term.

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Document Details

Document Type
Technical Report
Publication Date
Feb 06, 2001
Accession Number
ADA386978

Entities

People

  • David M. Walker

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Commerce
  • Demographic Cohorts
  • Discretionary Spending
  • Economic Analysis
  • Electronic Mail
  • Federal Budgets
  • Governments
  • Health Care
  • Investments
  • Law
  • Money
  • National Governments
  • National Security
  • Security
  • Social Security
  • United States
  • United States Government

Readers

  • Military History
  • Public Financial Management and Budgeting
  • Strategic Security Studies