This panel of professors will address the debt ceiling debate and the larger issues around it. This is related to the financial sector as we studied it. Please go! Feel free to blog your thoughts about the panel for that week.
“Til Debt do us Part”
The Debt Ceiling Crisis: Politics and Economic Policy
Monday, September 26
Chris Ellis, Political Science
John Enyeart, History
Greg Krohn, Economics
Scott Meinke, Political Science
Nancy White, Economics
Amy Wolaver, Economics
During spring and summer 2011, the Congress and the President were embroiled in an intense debate over raising the federal debt ceiling and reducing future budget deficits. Why does the Congress require separate votes on spending, taxation, and on the debt ceiling? How have these issues been viewed historically? What does the American public think of the debt ceiling debate, and to what extent do the policy decisions reflect the views of citizens? What are the causes of the rising debt and large budget deficits? In particular, how do tax policy, the economic recession, demographic changes, and health care costs factor into the deficit problem? Will the agreement to raise the debt ceiling and reduce future deficits solve the problem?
These and other questions will be addressed by a panel of faculty members of Bucknell University. Our intent is to inform the audience about some political, historical, and economic perspectives on the federal debt ceiling and budget policy. The panel will present some remarks and then respond to questions from the audience. We invite all members of the campus community and general public to this panel discussion, and we especially encourage students to attend.