Alan Krueger spoke about fiscal policy and deficit reduction. He emphasized the damage sequestration budget cuts would have on the U.S. economy, and that the longer they remained in effect the greater the economic damage would be.
“The Economic Case for A Balanced Approach to Fiscal Policy” was a presentation at the National Association for Business Economics (NABE) 2013 Economic Policy Conference held in the Washington Court Hotel.*
“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget cut in order to take back deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013.