The Honorable Sylvia Mathews Burwell, Director of the Office of Management and Budget (OMB), participated in a discussion with Economic Club President Rubenstein at a luncheon. Among the issues they discussed were the Obama Administration’s FY2015 budget, the Bipartisan Budget Act, Obamacare and the impact the 2013 government shut down had on the economy. According to Ms. Burwell, the President’s budget sets “. . . discretionary spending [that] at its current levels will be as a percentage of GDP at the size that we had in the Eisenhower administration.” She also said that Obamacare is helping the economy. “In the period that the Affordable Care Act has been passed, the CBO has lowered its health-care cost estimates for the period of 2014 to 2020 by one trillion dollars.”
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