September 18, 2014

An Exercise in Budgeting

December 5, 2011
The George Washington University School of Public Management

Excerpt

After an overview of the current fiscal problems and budget deficit, Mr. Thiebert told the participants that their job was to balance spending and revenue by looking at a number of policy options and areas, including mandatory and defense spending. He challenged the students to find $1.2 trillion in savings—or more—over the next 10 years.

“By working as groups, you’re going to see that these [budget options] are difficult choices, but they are tough choices that have to be made,” he said.