[HTML1] After a summer of contentious debate, President Obama and congressional leaders earlier this month struck a deal on the debt ceiling that extends the Treasury’s authority to borrow beyond the 2012 elections. But what does this mean for our economy, both present and future?
Dr. John Irons, research and policy director at the Economic Policy Institute, joins Keeping Up with Gen Y to discuss both the short-term and long-term ramifications of the debate and the deal that kept our nation from its first-ever financial default. He also talks about the missed opportunities in the legislation to create jobs and invest in the country’s future.
More about John Irons, Ph.D.
Dr. John Irons joined the Economic Policy Institute as its research and policy director in 2007. His areas of research include the U.S. economy and economic policy, with an emphasis on federal tax and budget policy. He previously worked as the Director of Tax and Budget Policy at the Center for American Progress, a tenure-track Assistant Professor of Economics at Amherst College, for the Brookings Institution and at the Federal Reserve Board of Governors.
With a Ph.D. in Economics from MIT, John serves on the Committee on Electronic Publishing for the American Economic Association, and on the Board of Governors of the National Economists Club.
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