Fiscal Challenge Kickoff October 21, 2020
The Problem 200 Federal Debt Held by the Public CBO Projection 150 Percent of GDP Pandemic 100 Great Recession 50 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Source: Congressional Budget Office FISCAL CHALLENGE 10/21/2020 2
Your Solution Goal: maintain the federal debt-to-GDP ratio at its current level over a 30-year horizon 200 Federal Debt Held by the Public CBO Projection Goal 150 Percent of GDP Pandemic 100 Great Recession 50 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Source: Congressional Budget Office, Fiscal Challenge FISCAL CHALLENGE 10/21/2020 3
Fiscal Challenge 2021 Rules and Timeline Rules Timeline • First round presentations should be no more than October 30, 2020 | Registration opens 20 minutes in length • Video should include slides and audio, with student cameras turned off March 4, 2021 | First round proposal due • For fair judging, videos must exclude identification of team numbers, advisors, or school affiliations, including school colors, emblems, logos, or the like March 6, 2021 | Finalists notified • Each registered team will receive a unique team number for use in competition • Videos are to be submitted as unlisted YouTube April 2021 | Final round competition videos using guidelines established on our website FISCAL CHALLENGE 10/21/2020 4
Why Participate in Fiscal Challenge? Learning Networking Teambuilding Resume building Equivalent content to Connect with our Work as a team to Add a unique a 400-level (or think tank and advisor craft a proposal and extracurricular activity equivalent) advanced partners construct a persuasive to your resume economics course presentation FISCAL CHALLENGE 10/21/2020 5
Tips for Crafting a Successful Proposal 1 Form a team of four to six students Tip! Differing backgrounds and expertise help to broaden perspectives 2 Set a schedule Tip! Don’t focus on Q&A practice until after deliverable is submitted 3 Research, research, research Tip! CBO is a great starting point; leverage think tanks and our advisors Tip! Use a baseline forecast for debt AND GDP Tip! Presenting your opinion without supporting evidence is not suggested 4 Submit your deliverable Tip! Try to keep your analysis to no more than three key points Tip! An attribution analysis helps the audience track your proposal's progress toward the goal FISCAL CHALLENGE 10/21/2020 6
Judging Rubric FISCAL CHALLENGE 10/21/2020 7
Next Steps: Register! Registration opens October 30, 2020 at fiscalchallenge.org FISCAL CHALLENGE 10/21/2020 8
Questions? FISCAL CHALLENGE 10/21/2020 9
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