BUDGET Deficits, Investment, and the Fiscal Cliff
University leaders share the concern of most Americans, and most economists, that failure to reduce deficits and manage the national debt could have a crushing effect on our nation’s future. Our rapidly rising debt endangers our ability to invest for the future in such areas as education and training and in scientific research that leads to new discoveries and progress.
Serious deficit reduction will require addressing all areas of the federal budget, particularly entitlement programs and tax revenues.
This section includes materials about the debate over the federal budget deficit and national debt from leaders in AAU, as well as the broader university and policy communities.