I hosted a discussion at the National Constitution Center in Philadelphia on shared American values. It was part of a series of events from the Ford Foundation and Georgetown University, and this particular discussion revolved around the budget and how our values affect our monetary decisions.

I was joined by John DeGioia, president of Georgetown University, Calvin Butts, president of SUNY College at Old Westbury, Juliet Garcia, president of the University of Texas at Brownsville, Michael Gerson, Washington Post columnist, Kathleen Kennedy Townsend, Maryland’s former Lt. Governor, Michael Nutter, Mayor of Philadelphia, Richard Danzig, former Secretary of the Navy, Carly Fiorina, former CEO of Hewlett-Packard, Luis Ubinas, president of the Ford Foundation and Peter Orszag, former director of the Office of Management and Budget.

You can watch part of the event below or CLICK HERE to see the full video.

This portion of our discussion began with the question of whether we are willing to sacrifice and cut back in the present day for the sake of our future?

And here are the final thoughts from our panelists:

–George Stephanopoulos