A hearing before the Joint Economic Committee will be held on Wednesday, July 27, 2011, at 10:00 a.m., in room 216 of the Hart Senate Office Building.

Hearing on “Maximizing America’s Prosperity:  How Fiscal Rules can Restrain Federal Overspending.”

Vice Chairman Brady's Opening Statement »

Republican Members of the Joint Economic Committee of the U.S. Congress, led by Congressman Kevin Brady of Texas, will join their Democrat JEC colleagues in examining how fiscal rules impact Federal spending. This is a timely discussion on enforceable spending caps, one of the key components in the ongoing debt ceiling discussion. The hearing will take place on Wednesday, July 27, 2011 in Room 216 of the Hart Senate Office Building.

In announcing the hearing, Vice-Chairman Brady stated, “To avoid future default and a downgrade of America’s credit rating we need a balance of immediate spending cuts and real spending caps that shrink the size of government over time. We must examine the success stories of our foreign competitors and our states, and utilize their time-proven tools to restrain spending and boost our economy.”

Witnesses:

The Honorable James C. Miller, III, Senior Advisor, Husch Blackwell, LLP and former Director of the Office of Management and Budget in Washington, DC
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Dr. Daniel J. Mitchell, Senior Fellow, Cato Institute, Washington, DC
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The Honorable Robert D. Reischauer, President, Urban Institute, Washington, DC
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Vice Chairman Kevin Brady presiding.