In a testimony before the Senate Budget Committee, former OMB and CBO Director and current Peterson-Pew Commissioner Alice Rivlin discusses the dangerous debt trajectory, the need to stabilize the debt at a certain level and by a specificied date, and the pre-requisites of developing a credible plan to stabilize the debt.
Links:
[1] http://budgetreform.org/sites/default/files/SBC_Rivlin_Testimony_211.pdf
[2] http://budgetreform.org/sites/default/files/TalkingAboutMoney.jpg
[3] http://budgetreform.org/category/issue-area/budget
[4] http://budgetreform.org/category/issue-area/deficits-and-debt
[5] http://budgetreform.org/category/project/peterson-pew-budget-reform-commission
[6] http://budgetreform.org/category/document-type/congressional-testimony
