Urban Planning

At NYU Wagner event, OMB Director Orszag describes remedies for U.S. deficit [Video]

At NYU Wagner event, OMB Director Orszag describes remedies for U.S. deficit [Video]

Peter Orszag, Director of the federal Office of Management and Budget (OMB)

Peter Orszag, Director of the federal Office of Management and Budget (OMB), talked about the enormous U.S. budget deficit, its primary causes, and its potential implications for health care, higher education, and the career prospects of younger people in an address November 3rd at New York University sponsored by the Robert F. Wagner Graduate School of Public Service. Orszag was introduced by John Sexton, NYU's President, and Ellen Schall, the Dean of NYU Wagner, who served as the event's moderator and in her opening remarks noted that Orszag was the youngest member of President Barack Obama's cabinet.

Last year, Orszag told the audience of more than 400 people at NYU's Kimmel Center, the federal deficit was $1.4 trillion ,and a comparable budget gap is projected for the present fiscal year. Over the next decade, he said, the federal government is projected to generate additional red ink of $9 trillion. "Deficits of this size are serious and ultimately unsustainable," Orszag said.

The event was broadcast live by Fox Business while generating a significant amount of public interest and media coverage. To read an official text of the speech or view the NYU webcast, click on the links below.

 

Barack Obama at NYU Wagner

Barack Obama at NYU Wagner

Senator Barack Obama at NYU Wagner
Barack Obama visited the Robert F. Wagner Graduate School of Public Service at New York University on July 25, 2007 to discuss his ideas about reducing poverty, extending health care coverage widely, and reaching disconnected youth. The event was the Working Cities Forum, a leadership forum on the working poor sponsored by the nonprofit Community Service Society of New York (CSS) and the Service Employees International Union (SEIU). The invitation-only dialogue with a major presidential candidate was the second in three months at NYU Wagner: on April 23, Hillary Rodham Clinton addressed urban issues in the same setting. On behalf of NYU President John Sexton and Wagner Dean Ellen Schall, Obama was introduced by Lynne Brown, NYU's Senior Vice President for University Relations and Public Affairs. A video of the event will be posted in the future at www.cssny.org, where Clinton's appearance can currently be viewed.

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