||May 3, 2018
||Addressing US Debt and Maintaining Safety Net Programs
||Richard Keevey, Senior Policy Fellow at Rutgers University's Edward Bloustein School of Planning & Public Policy; Lecturer at Princeton University's Woodrow Wilson School
The US government has had deficits for many years, including each of the past twenty. These annual deficits add to the mounting debt -- which is now approaching 100% of GDP. The largest expenditures in the federal budget are for what is termed 'Mandatory' programs. Recently, president Trump has exacerbated the debt situation with sizable tax reductions. The presentation will discuss the magnitude and causes of the debt and what steps could be taken to address the problem -- assuming we believe there is a problem.
Rich was appointed by two New Jersey governors – from each political party – as the budget director and comptroller. He also held two presidential appointments as the deputy undersecretary for finance for the Defense Department – and as the CFO for the Department of Housing and Urban Development. In the private sector, he was a practice director for finance at Arthur Andersen and Unisys Corporation. He was the director of the policy research institute for the region at Princeton University. He is a fellow of the National Academy of Public Administration. Rich is currently is a Senior Policy Fellow at the Bloustein School of Planning and Policy, Rutgers University and a Lecturer at the Woodrow Wilson School, Princeton University.