Transcript
Fred Barbash-Moderator: Welcome all.
Isabel V. Sawhill is a senior fellow in Economic Studies at the Brookings Institution. She serves as director of the Budgeting for National Priorities project and co-director of the Center on Children and Families. She holds the Cabot Family Chair. She served as Vice President and Director of the Economic Studies program from 2003 to 2006. Prior to joining Brookings, Dr. Sawhill was a senior fellow at The Urban Institute. She also served as an associate director at the Office of Management and Budget from 1993 to 1995, where her responsibilities included all of the human resource programs of the federal government, accounting for one third of the federal budget.
Welcome Isabel. Let's get started.
12:41 [Comment From Laurie] Many economists argue that it’s more important to use federal money to stimulate the economy now, and worry about rising deficits later. What’s your view?
12:42 Isabel Sawhill: It is important to stimulate the economy now and not worry about the deficits needed to do this but we should simultaneously be enacting legislation that will gradually phase in spending cuts and revenue increases over the next decade.
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