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), 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.
Bill Clinton counselor's latest assignment - teaching at Wagner
Politico.com's "Playbook," a roster of the latest DC news and happenings compiled by reporter Mike Allen, included the following item on January 19 about NYU Wagner's Adjunct Assistant Professor of Public Administration Doug Band:
"ALUMNI NEWS: After conceiving and building the Clinton Global Initiative, Clinton counselor/consigliere/post-presidency architect Doug Band recently joined the NYU staff as an adjunct professor and will use his nearly 16 years working for the Clintons to teach a public service, policy and politics course (despite earning his master's and law degrees from Georgetown). Doug also serves on the international advisory board for Coca-Cola, and on the Oklahoma City National Memorial and Vote Vets boards, all while still running Clinton, Inc., helping heads of state around the world transition out of office, and raising his son Max, who recently turned one (and has started walking), with his wife Lily in NYC."