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The Budget, the Deficit, the Future

Wednesday, July 8, 9:00 a.m. – 11:00 a.m.
The Brookings Institution, Falk Auditorium,
1775 Massachusetts Ave., NW, Washington, DC

To RSVP, please call the Brookings Office of Communications at 202-797-6105 or visit the on-line RSVP page

The federal government has responded aggressively to the current economic crisis with a series of fiscal, financial, and monetary interventions. While boosting the economy has to be the top priority in the short run, it would be dangerous to lose focus on the medium- and long-term fiscal situations, which represent future threats to the economy and the solvency of the federal government.

On July 8, the Center on Children and Families will host a forum on economic recovery and fiscal sustainability. Brookings Vice President and Director of Economic Studes William Gale will show how fiscal policy can help or hurt economic activity over different time horizons, examine the short-, medium-, and long-term fiscal status of the federal government, and discuss the difficult fiscal and economic balancing act that will need to occur after the economy recovers. Numerous speakers in the field will offer responses and will participate in a panel discussion.

Speakers and panelists will take questions from the audience.



  • Isabel V. Sawhill, senior fellow, economic studies, Brookings Institution


  • William Gale, vice president and director, economic studies program, Brookings Institution


  • Alice Rivlin, director, Greater Washington Research Project, and senior fellow, Brookings Institution
  • William Hoagland, vice president of public policy, Cigna Corporation

Panel Discussion

  • Ron Haskins (moderator), codirector, Center on Children & Families, and senior fellow, Brookings Institution
  • Stuart Butler, vice president, domestic & economic policy studies, Heritage Foundation
  • William Frenzel, guest scholar, economic studies, Brookings Institution
  • William Galston, senior fellow, governance studies, Brookings Institution
  • Ruth Marcus, editorial writer, Washington Post
  • Isabel Sawhill, codirector, Center on Children & Families, and senior fellow, Brookings Institution