CRFB Panels Examine Bailout Options, Fiscal Future

October 8 - The Committee for a Responsible Federal Budget
held two panels to discuss the recent fiscal crisis and its effect on future
policy. The first panel, which featured Mark
Zandi, Martin Baily, Rob Dugger, Dean Baker, and Tim Adams, examined the
conditions that made the bailout necessary, the prospects for recovery, and some
actions the government might take to avert further crisis. The second panel, featuring Leon Panetta, William
Frenzel, Alice Rivlin, Rudolph Penner, and David Walker, discussed how the
bailout and overall crisis should affect future policymaking, the current and
future status of the US
budget, and advice for the next presidential administration. Attendees to the event also received a
handout with the October
update to US Budget Watch's "Fiscal Voter Guide to the 2008 Election."