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Richard Ravitch (Excerpt) – Deficits: Budget Cuts or Tax Increases

Richard Ravitch (Excerpt) – Deficits: Budget Cuts or Tax Increases

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Joining us at Roosevelt House to celebrate the publication of his memoir, “So Much to Do: A Full Life of Business, Politics, and Confronting Fiscal Crises,” Mr. Ravitch recalled his lifelong engagement in New York politics and commitment to public service. Believing that the most potentially devastating economic and financial crisis in the near future will emanate not from federal debts and policies, but instead from state and local governments in denial about financial commitments they don’t have the resources to cover, Mr. Ravitch pointed the way to solutions for the fiscal problems looming in many cities across the country.