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The United States, Long-term Debt and the Need for Economic Stimulus

At a recent event, William Gale discussed the economic situation in the United States, detailing the two main issues facing policy makers: a weak economy in the short-term and a long-term debt problem. He argued that the federal government cannot put off one issue in order to take care of the other, and that it in fact would be more politically expedient to deal with both issues at the same time.

  • Portrait: William Gale

    William G. Gale

    Co-director

    Economic Studies, Urban-Brookings Tax Policy Center, Center on Children and Families, Budgeting for National Priorities, Election Reform Project, Opportunity 08: Independent Ideas for Our Next President

    Bill Gale, the Arjay and Frances Miller Chair in Federal Economic Policy in the Economic Studies Program at Brookings, is an expert on tax policy, fiscal issues, pensions, and saving behavior. He is also co-director of the Tax Policy Center and director of the Retirement Security Project.