Policy Foundation To Participate In March 26 Federal Reserve Forum On Deficits & Debt

The Federal Reserve Bank of St. Louis is sponsoring a Little Rock forum Thursday, March 26 on the topic, "Deficits, Debt and Looming Disaster". The event will take place at the Peabody Hotel from 5:30 p.m. to 7:30 p.m. Representatives of non-profit groups including AARP and the Policy Foundation will participate in the forum.

The Little Rock forum will feature Fed economist Mike Pakko. Dr. Pakko will give a presentation based on his recent article of the same title in the Regional Economist, a publication of the Federal Reserve Bank of St. Louis. Dr. Pakko's article explores the important underlying policies of spending and taxation that are contributing to the growing national deficit.


"While the immediate impacts of government deficits and debt are a matter of some controversy, most economists agree that the long-term fiscal outlook for the U.S. requires serious attention. The retirement of the Baby Boom generation and a slowing rate of growth in the labor force will create a demographic time bomb in which entitlement growth threatens to swamp available resources."

"Fundamental reform of entitlement programs is critical for putting U.S. fiscal policy on a long-run sustainable path."

Dr. Pakko has a B.A. from Michigan State University, and an M.A. and Ph.D. in Economics from the University of Rochester.

The March 26 forum in Little Rock is free to the public.

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Peer-Reviewed Research

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Journal Publications

'Regulation of financial derivatives in the U.S. code'
Derivatives Use, Trading and Regulation
(London, U.K.) Palgrave Macmillian Ltd.
February 2006
Read Online

'Deflation & Economic Growth'
(Piscataway, N.J.) Transaction Periodicals Consortium, Rutgers University
Summer 2006

Policy Foundation research on this topic cited by Arkansas Attorney General Mike Beebe (Opinion No. 2005-291)

'A review of state statutes regulating financial derivatives in the USA'
Pensions, an International Journal
(London, U.K.) Palgrave Macmillian Ltd.
Read Online