2012-2013 Season

The Federal Budget in a Time of Madness

 David  Levy

David Levy
The Jerome Levy Forecasting Center LLC

View Biography

 Stan  Collender

Stan Collender
Managing Director and Partner
Qorvis Communications

View Biography

Federal budget policy may be the make-or-break economic issue for 2013. Is the country headed down a path toward insolvency? Will deficit-tightening throw the country into recession? Stan Collender, one of the nation’s most sought-after experts on the federal budget, will share his discerning views on the political environment and possible outcomes. David A. Levy, a nationally renowned macroeconomist and consultant to major companies, will add his insights about the economic influences on and consequences of the federal deficit.
  • Meeting Date: Tuesday, January 29, 2013
  • Time: 11:30 a.m.
  • Location: The Westin Book Cadillac


 Jonathan  Wolman

Jonathan Wolman Editor & Publisher
The Detroit News


 Nolan  Finley

Nolan Finley Editorial Page Editor
The Detroit News


Speaker Biography

David Levy   
David A. Levy is the world’s foremost expert in applying the Profits Perspective to economic analysis, with over 30 years of professional forecasting experience.

On multiple occasions, Levy’s maverick analysis and interest rate forecasts have led to extraordinary gains in financial markets for clients. One of Levy’s best-known triumphs was forecasting (and coining the term) "the contained depression" of the early 1990s; he anticipated both the nature of the unfolding malaise and the financially troubled, sporadic recovery that followed it—before most analysts even recognized there was a danger of recession. He was also early to expose the 1990s stock market boom as a crucial part of a global financial bubble, forecasting that it would end when the Federal Reserve was forced to restrain the economy, causing a slowdown that would spiral into a severe recession and debt crisis.

Levy has given briefings, consultations, and testimony to members of Congress, administration officials, and Federal Reserve governors. He was appointed by President Clinton to the Commission to Study Capital Budgeting in 1997 and was also selected for the federal government’s Competitive Policy Council Infrastructure Subcouncil.

Levy has been frequently quoted in the press and has appeared on numerous major broadcast and cable networks, including Bloomberg, CNBC, and BBC. He has appeared on such programs as the Lehrer NewsHour, Firing Line and the Today Show.

Early in his career, Levy spent two years in market research before leaving the field to work closely with S Jay Levy as an associate and then partner at Levy Economic Forecasts. He became the director of the Levy Institute Forecasting Center when it was established in 1991. He also served on the Board of Governors of The Jerome Levy Economics Institute of Bard College from 1986 until 2001, at which time Levy Forecasts separated from the Institute and returned to the for-profit sector as the Jerome Levy Forecasting Center, LLC.

Levy is the author of many articles and the coauthor, with S Jay Levy, of Profits and the Future of American Society, published by HarperCollins. He graduated from Williams College Phi Beta Kappa with a B.A. in mathematics and received an M.B.A. from the Columbia University School of Business.

Stan Collender   
Stan Collender, the national director of financial communications at Qorvis Communications in Washington, D.C., is one of the foremost experts on the federal budget, federal spending and revenues, the national debt and the congressional budget process.

Stan writes the very popular “Fiscal Fitness” column for the prestigious Capital Hill newspaper Roll Call. In 2009, the Wall Street Journal named Stan’s blog -- “Capital Gains and Games” -- one of the top 25 economic blogs in the United States. Stan is also the author of The Guide to the Federal Budget, which was one of the most assigned texts on the subject during the 19 years an annual edition was published.

Stan frequently advises banks, investment banks, hedge funds, and other major Wall Street players on fiscal policy, federal budget developments and the likely outcome of current debates. He also works closely with corporations and associations on spending and tax issues.

Stan is one of the most quoted pundits in the U.S. on all aspects of the federal budget and Washington’s response to economic and financial challenges. During the difficult 2011 debate in Washington on raising the federal debt ceiling, Stan appeared more than 200 times on television and radio including all of the broadcast networks and multiple interviews on Marketplace and other National Public Radio programs. He was also quoted regularly by the Wall Street Journal, New York Times, Washington Post and Los Angeles Times and appeared repeatedly on BBC and Russian and German television.

He currently is a regular on air contributor to Bloomberg television and radio.

Stan has been involved with the congressional budget process since 1974 and is one of only a handful of people who has worked for both the House and Senate Budget Committees. As a member of the House Budget Committee staff, he served as administrator of the Task Force on State and Local Government. For the Senate Budget Committee, he was responsible for analyzing defense spending. Stan also served as the administrator of the Task Force on the Budget of the Northeast-Midwest Congressional Coalition, a bipartisan group of representatives from the states in those regions.

Stan has worked for a number of the major professional services firms in the world including Fleishman-Hillard, Burson-Marsteller, and Financial Dynamics. He was also director of federal budget policy for two major international accounting firms—Price Waterhouse and Touche Ross—and president of the Budget Research Group, a private Washington-based consulting organization.

Stan is a recipient of the Howard Award for lifetime achievement in federal budgeting from the American Society for Public Administration. In 1998, President Bill Clinton appointed Stan to the presidential commission that studied whether the U.S. should have a capital budget.

A former stand-up comedian, Stan holds a master’s degree in public policy from the University of California, Berkeley and a BA from New York University. He lives in the Washington, D.C. area with his wife, a professional actor who has absolutely no interest in politics, public policy, or federal deficits. Because of that, they get along extremely well.