Ex-Obama adviser joins experts calling for grand budget bargain

Former Obama White House economic adviser Christina Romer has joined 67 other budget experts in calling on the president to strike a grand deficit bargain with Congress as soon as possible.

Romer left her position as chairwoman of the Council of Economic Advisers in 2010 and was a chief proponent of the 2009 stimulus package, which added $800 billion to the deficit. She is now arguing for short-term stimulus and longer-term budget discipline.

The letter from 68 experts sent Thursday follows up on a letter from 64 senators to President Obama this month urging him to broaden discussions on 2011 spending to include a wider deficit package.

They wrote “we urge you to engage in a broader discussion about a comprehensive deficit reduction package. Specifically, we hope that the discussion will include discretionary spending cuts, entitlement changes and tax reform.” The 68 experts concur in their letter.

Other notable signatories include former Federal Reserve Chairman Paul Volker, Reagan economic adviser Martin Feldstein, former Clinton Treasury Secretary Robert Rubin and Bush economic adviser Glenn Hubbard.