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  • Conference Release 02-17-10

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    Committee For a Responsible Federal Budget
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    The "Avoiding a Government Debt Crisis" conference brought together economists and opinion leaders to discuss the nation's looming fiscal crisis and the need for action. Kansas City Fed President Thomas Hoenig and former Comptroller General David Walker spoke. Panels examined the need for a fiscal goal, lessons from abroad, and political challenges. Committee for a Responsible Federal Budget President Maya MacGuineas said the conference underscored the dire consequences of inaction and that policymakers should heed Hoenig's warning to get fiscal issues under control.

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    The "Avoiding a Government Debt Crisis" conference brought together economists and opinion leaders to discuss the nation's looming fiscal crisis and the need for action. Kansas City Fed President Thomas Hoenig and former Comptroller General David Walker spoke. Panels examined the need for a fiscal goal, lessons from abroad, and political challenges. Committee for a Responsible Federal Budget President Maya MacGuineas said the conference underscored the dire consequences of inaction and that policymakers should heed Hoenig's warning to get fiscal issues under control.

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    14 views3 pages

    Conference Release 02-17-10

    Uploaded by

    Committee For a Responsible Federal Budget
    The "Avoiding a Government Debt Crisis" conference brought together economists and opinion leaders to discuss the nation's looming fiscal crisis and the need for action. Kansas City Fed President Thomas Hoenig and former Comptroller General David Walker spoke. Panels examined the need for a fiscal goal, lessons from abroad, and political challenges. Committee for a Responsible Federal Budget President Maya MacGuineas said the conference underscored the dire consequences of inaction and that policymakers should heed Hoenig's warning to get fiscal issues under control.

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    of 3

    CHAIRMEN

    BILL FRENZEL
    Opinion Leaders Discuss the U.S. Fiscal Dilemma at
    TIM PENNY
    CHARLIE STENHOLM “Avoiding a Government Debt Crisis” Conference

    PRESIDENT February 17, 2010


    MAYA MACGUINEAS

    DIRECTORS The “Avoiding a Government Debt Crisis” conference convened yesterday


    BARRY ANDERSON by the Peterson-Pew Commission on Budget Reform brought together
    ROY ASH leading economists and opinion leaders to discuss the nation’s looming
    CHARLES BOWSHER
    STEVE COLL
    fiscal crisis and the need for action to avoid it.
    DAN CRIPPEN
    VIC FAZIO The event featured remarks by Kansas City Federal Reserve Bank President
    WILLIS GRADISON
    WILLIAM GRAY, III Thomas Hoenig, and former Comptroller General of the United States
    WILLIAM HOAGLAND David Walker. Three all-star panels examined the need for a fiscal goal, the
    DOUGLAS HOLTZ-EAKIN
    perspective of markets and lessons from abroad, and the political
    JIM JONES
    LOU KERR challenges involved.
    JIM KOLBE
    JAMES LYNN
    “The conference underscored the dire consequences if we do not act now to
    JAMES MCINTYRE, JR.
    DAVID MINGE right our fiscal course,” according to Committee for a Responsible Federal
    JIM NUSSLE Budget President Maya MacGuineas. “The message could not have been
    MARNE OBERNAUER, JR.
    JUNE O’NEILL
    clearer. Policymakers should take note of the important warning issued by
    RUDOLPH PENNER Kansas City Fed President, Tom Hoenig, that the United States must get its
    PETER PETERSON fiscal house in order.”
    ROBERT REISCHAUER
    ALICE RIVLIN
    MARTIN SABO
    GENE STEUERLE
    DAVID STOCKMAN
    PAUL VOLCKER
    CAROL COX WAIT
    DAVID M. WALKER
    JOSEPH WRIGHT, JR.

    SENIOR ADVISORS
    ELMER STAATS
    ROBERT STRAUSS

    1899 L Street NW • Suite 400 • Washington, DC 20036 • Phone: 202-986-2700 • Fax: 202-986-3696 • www.crfb.org
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