Preventing the Next State Budget Crisis
The Volcker Alliance and the Federal Reserve Bank of Chicago hosted a one-day conference on “Preventing the Next State Budget Crisis: Improving Budget Transparency to Bolster Fiscal Sustainability” on Monday, September 17, 2018 in Chicago.
From the chairman
Paul A. Volcker
“We now debate loudly and endlessly the big political and social issues—and the small political and social issues, but somehow the actual management of the public enterprise—federal, state, and local, day by day, month by month, year by year—does not consistently get the attention that we think it deserves. And it shows: there are simply too many breakdowns in administration at too many levels to sustain confidence in the democratic government of a complex society… That is the challenge of which I speak.”